Are you likely to need long-term care?

Are you likely to need long-term care?

You may well by no means need long-term care. But regarding 19 percent of Americans aged 65 and older experience some degree of chronic physical impairment. In the midst of those aged 85 or older, the section of people who are impaired and have need of long-term care is about 55 percent. By the year 2020, 12 million older Americans will call for long-term care. The majority will be cared for at home; family members and friends are the only caregivers for 70 percent of elderly people. But a study by the U.S. Department of Health and Human Services indicates that people age 65 face at least a 40 percent lifetime risk of entering a nursing home. About 10 percent will stay there five years or longer.

The American population is growing older, and the crowd over age 85 is at present the fastest-growing section of the population. The probability of entering a nursing home, and staying for longer periods, increase with age. In fact, data give you an idea about that at one given time, 22 percent of those age 85 and older are in a nursing home. For the reason that women usually live longer than men by a number of years, they face a 50 percent greater possibility than men of entering a nursing home after age 65.

Despite the fact that older people are more prone to need long-term care, your need for long-term care can come at any age. In fact, the U.S. Government Accountability Office estimates that 40 percent of the 13 million people getting long-term care services are between the ages of 18 and 64.

Click for a FREE Insurance Quotes