How Inflation May Affect Your Long-Term Care Costs in the Future
Cindy Eisenhower, Long-Term Care Consultant for ACSIA Partners, explores the issues of long-term care.
Costs Are Increasing
There is no hiding the fact that long-term care costs are rising.
In fact, a 2016 national survey1 reported the following 5-year annual growth rates:
- Home Health Aides + 1%
- Homemaker Services + 2%
- Adult Day Care + 3%
- Assisted Living Facilities + 2%
- Semi-Private Nursing Home Room + 3%
- Private Nursing Home Room + 4%
Fortunately, you can protect yourself and your family from rising long-term care costs through long-term care plans that offer inflation protection.
All you need to do is get started on your own Long-Term Care Plan now. Take advantage of benefits available to you only through work.
1 Genworth Costs of Care Study, 2016