How to Plan for Senior Care Costs
On average in the U.S., someone age 65 today will need some long-term care or other senior care services for three years. Service and support needs vary from one person to the next and often change over time.
Women typically need care for longer (on average 3.7 years) than do men (on average 2.2 years) due to higher life expectancy. While about one-third of today's 65-year-olds may never need long-term care or support services, 20 percent of them will need services and/or care for more than five years and these could vary from at-home services to assisted living to nursing home care.