Are you looking at long-term care options for yourself or a loved one? You’re not alone; in fact, data suggests seven out of ten people will require some form of long-term care in their life. There are actually five types of long-term care that offer a wide array of different services at varying price points.Depending on your unique needs, you may find that you only require a less intensive form of care such as adult daycare which costs about $20,000 a year and provides services including housekeeping, meal preparation, and assistance with activities of daily living such as using the bathroom, getting dressed, and bathing. For more intensive needs, you may be looking for a nursing home that can cost anywhere from $89,000 – $100,000 a year and offers 24-hour emergency care among other services. These represent the low and high ends of the care options, but there are several types of care that fall between in terms of costs and services offered.Even if you don’t need care now, having an understanding of these options can help you prepare in case the need ever arises. You don’t want to be caught off guard by something that can costs so much each year. Learn more about the different types of long-term care by checking out this infographic from Harbor Life Settlements which breaks down costs, services, and ways to pay for these types of care.
