Long term care can affect individuals and families in many ways. Understanding potential care needs, costs, and caregiving considerations can help provide perspective when thinking about the future.
According to the MassMutual Long Term Care in America Study,
of those surveyed are concerned about not being able to afford long term care expenses.1
Life Expectancy
Life expectancy for men and women has increased over time.
Can you afford these ANNUAL out-of-pocket costs?5
Assisted living and nursing home, both semi private and private, are national median costs.
Assisted Living
Private Room
Nursing Home
Semi-Private Room
Nursing Home
Private Room
Caregiver Impact
of family caregivers report difficulty balancing career and caregiving responsibilities.7
Planning for Long Term Care
Long term care needs and costs can vary considerably depending on individual circumstances, location, and the type of care required. Contact a financial professional and start planning today.
Cited Sources
1The MassMutual Long Term Care in America Study, conducted by Greenwald Research in 2022.
2Center for Disease Control, United States Life Tables, Volume 72, Number 12, Table 19, 2021. www.cdc.gov/nchs/data/nvsr/nvsr72/nvsr72-12.pdf
3Center for Disease Control, Vital Statistics Rapid Release 31, Table 1-21, 2022. www.cdc.gov/nchs/data/vsrr/vsrr031.pdf
4Center for Retirement Research at Boston College: Anqi Chen, Alicia H. Munnell and Gal Wettsetin. 2025 “Do Older Adults Understand Healthcare Risks, and Do Advisors Help?” Issue Brief 25-2.
5Genworth 2023 Cost of Care Survey, conducted by CareScout®, December 2023.
6American Association for Long-Term Care Insurance, 2024, www.aaltci.org
7AARP Press Room; Long Term Care Press Releases; May 16, 2024 press.aarp.org