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Do you know how much you would need to pay out of your pocket, in case of a medical condition requiring long-term care? It is important to understand what the costs are for long-term care especially because there are many common misunderstandings surrounding this subject. One common misunderstanding is the notion that medicare will cover most of it and so why bother? On the contrary, medicare coverage does not cover a lot of the expenses around long-term care. So one must understand their coverage to be able to choose an appropriate long-term care insurance plan that they’d be comfortable with, in the event they need it.

Also, did you know that the average costs in the United States (in 2006) are:

• $171/day for a semi-private room in a nursing home
• $194/day for a private room in a nursing home
• $2,691/month for care in an Assisted Living Facility (for a one-bedroom unit)
• $25/hour for a Home Health Aide
• $17/hour for a Homemaker services
• $56/day for care in an Adult Day Health Care Center

The U S department of Health and Human Resources has compiled all the pertinent information regarding long-term care into this useful article, The Cost of long-term care. This article is a good primer on long-term care and also has links to other useful websites, glossary of terms, etc. There is also a lot of useful information on this website, provided as a service of our government to its citizen. You might be interested in checking this out if you anticipate that either you or someone you know might need such care or just to understand the basics so you can pick a suitable long-term care insurance for you.