Long-term care costs vary enormously by region and care type — worth estimating specifically for your area rather than relying on national averages alone.
A simple approach
- Research current costs for home care, assisted living, and nursing care specifically in your area
- Estimate a realistic duration (national averages suggest a few years on average, though individual needs vary widely)
- Compare the total against your savings, insurance, and potential Medicaid eligibility
Genworth and similar organizations publish annual cost-of-care surveys by region — a useful starting benchmark.
This article is general information, not financial or legal advice. Rules, costs, and program details vary and change over time — confirm current specifics with a licensed financial advisor or elder law attorney before making a decision.