The Cost-of-Care Study Results Are In Every year, Mutual of Omaha conducts a cost-of-care study in all 50 states, and the results are in. The cost of services continues to rise and the average cost for a home health aide is over $70,000 a year. We’ve updated our cost-of-care tools to reflect the changes in price and to help you guide the conversation about how clients intend to pay for their long-term care. Resources for Long-Term Care Sales: Cost-of-Care Sales Ideas — Share the Cost-of-Care Overview and Home Health Care Sales Idea with agents to equip them for powerful conversations
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Staying Connected: The Potential Need for Long Term Care
Greetings, and welcome to another edition of our “Staying Connected” email series. In this issue, we wanted to share a video to help start conversations – with your clients, but also your own family. The potential need for long term care is a topic most people would rather avoid. But not talking about it doesn’t make the issue go away. It only delays planning and leads to potential confusion and financial impact for not just those who may need care, but their family and friends. The reality is that seven out of ten people over the age of 65 will
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The Cost-of-Care Study Results Are In
Can clients afford to self-fund a long-term care event? The Mutual of Omaha cost-of-care study is conducted annually in over 300 cities in all fifty states, and the results are in – cost of services continue to rise in every category. In fact, the national average for a private nursing home room is over $100,000 per year. To help you and your producers navigate the conversation about how clients intend to pay for their long-term care, we’ve updated and developed new cost-of-care tools: NEW Cost-of-Care Sales Ideas — Review the Cost-of-Care Overview and Home Health Care Sales Ideas to know
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Genworth – 2021 Cost of Care Survey Results
Since 2004, families across America have counted on us to help them understand the cost of care. Our research in 435 cities and towns across all 50 states has not only helped individuals plan for their own care but helped policymakers with forecasting and legislative reform. In 2021, the 18th year of the survey, the United States continued to grapple with the COVID-19 pandemic and the national median costs associated with all long-term care service providers increased compared to 2020 data. Why Cost of Care is Increasing Since we started tracking the cost of care in 2004, long term care
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Genworth – 2020 Cost of Care Survey Results
We started tracking the cost of care 17 years ago and have been trusted source since. Since 2004, families across America have counted on us to help them understand the cost of care. Our research in 435 cities and towns across all 50 states has not only helped individuals plan for their own care but helped policymakers with forecasting and legislative reform. Over the years, we’ve tracked various trends that have come and gone but one thing hasn’t changed: long term care costs for nursing homes, assisted living facilities, and in-home care are higher than most people have planned for
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View our New Cost of Care Resources
It’s no secret — the cost for various long-term care services goes up every year. With no end in sight, how can your clients afford not to have long-term care insurance. Cost of Care Calculator — Search for long-term care care costs by state and view what those costs might look like five, 10 or 20 years in the future. View Calculator → Cost of Care Study Brochure — This brochure provides an easy-to-read chart of how much long-term care services cost by state. View Brochure → NEW Cost of Care Sales Idea — This flyer helps explain misconceptions clients
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Updated LTC Cost of Care Numbers
With the rising costs for long-term care services, how can your clients afford not to have long-term care insurance? Mutual of Omaha’s Cost of Care brochure provides an easy-to-read chart of how much long-term care services cost by state. The brochure is a great way to help your clients understand the financial protection long-term care insurance provides. View Cost of Care Study → With these statistics, the evidence is clear: long-term care insurance is essential to protect the financial future of your clients and their families. Not to mention, it keeps them happy, in their home, and
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Genworth Cost of Care Survey 2019 – Announced Today
Genworth Cost of Care Survey 2019: Skyrocketing care costs may make the dream of aging at home more challenging Richmond, VA (October 16, 2019) — The fastest-rising long term care costs are no longer for the most skilled care – in a facility, they’re now for the least-complex care – at home, according to Genworth’s latest 2019 Cost of Care Survey results, announced today. To explore Cost of Care data by city, state or zip code, find trend charts and access lists of states ranked in order of care costs, visit www.genworth.com/costofcare. The cost of homemaker services, which includes assistance
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Two Ways to See Your State’s Cost of LTC Services
Mutual of Omaha has been providing you with long-term care costs for years, but if you aren’t sure how much your clients may need, use our Cost of Care calculator or Cost of Care Brochure to find out. In fact, they’ve just updated with 2018 numbers! Each tool reflects the costs for Home Health Care, Assisted Living Facility and Nursing Home for private and semi-private room by state. Two Ways to See Your State’s Cost of LTC Services #goldencareagent #mutualofomaha #costofcare
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Have You Tried the LTC Cost of Care Calculator?
Do your clients realize how expensive long-term care services can be? Based on national average costs, people can expect to pay more than $91,000 per year for a semiprivate room in a nursing home** – and that figure is expected to keep rising. Use our Cost-of-Care Calculator to Help Your Clients Understand the Need Mutual of Omaha’s Cost of Care calculator on our LTC Rider site provides national and state averages for a variety of long-term care services, including those received at home, in an assisted living facility and in a nursing home. It also provides estimates of what future
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