Long Term Care Statistics

Long-Term Care Statistics



Average life expectancy for a 40-year old:  78.7 years


Average life expectancy for a 65-year old:  82.7 years


Percentage of those now aged 65 who are expected to survive to age 90:  25%


Percentage of those over 85 who need help with activities of daily living:  50%


Average annual cost of a nursing home nationwide:  $51,000 ($140/day)


Average annual cost of a nursing home in urban areas:  $73,000 ($200/day)


Average length of stay:  2.3 years


Percent who stay 5 years or more:  21%


Percent of Americans who are expected to need long-tem care:  50%-60%


Percentage of Americans who have ever purchased a long-term care policy:  6%


Percentage of nursing home residents who exhaust their resources to pay for care:  50%


 

 

Sources:  U.S. Census Bureau, National Center for Health Statistics, Health Insurance Association of America, and New England Journal of Medicine.