LONG-TERM CARE: PLAN TODAY, LIVE CONFIDENTLY TOMORROW
You work hard to build a life you love. The last thing you want is for rising care needs to drain your savings or force tough family decisions. Here’s what every adult 50 + should know—without the jargon—so you can stay in control and focus on living well.
Why It Matters
Nearly 70 % of Americans who turn 65 this year will need some kind of long-term help—whether that’s a few hours of in-home assistance or full-time memory care.
Medicare is designed for short-term rehab only. Once the therapy goal is met (or after 100 days), custodial care becomes 100 % your responsibility.
Costs rise faster than general inflation. Below are today’s national medians:
Type of Care
Help at Home (44 hrs/week)
Assisted-Living Community
Nursing Home—Semi-Private
Nursing Home—Private
Adult Day Services
Typical Setting
Home health aide
Apartment + services
24/7 skilled care
24/7 skilled care
Weekday group care
2024 Median Cost*
$34/hour (≈ $78 K / yr)
$5,900/mo (≈ $71 K / yr)
$305/day (≈ $111 K / yr)
$350/day (≈ $128 K / yr)
$100/day (≈ $26 K / yr)
* National medians from the 2024 Genworth / CareScout Cost of Care Survey.
Bottom line: A three-year nursing-home stay could exceed $330,000—and that’s before future inflation.
The Human Side of Long-Term Care
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Stay In Control
Loss of independence can feel overwhelming; a thoughtful plan keeps you in charge.
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Support Loved Ones
Family caregivers provide 20+ hrs/week on average; having resources in place protects their health and finances.
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Plan for Longevity
Women typically need care longer (about 3.7 years vs. 2.2 years for men) because we live longer.
Funding the Gap—Your Big-Picture Options
We won’t dive into policy fine print here, but it helps to know the basic levers:
💰 Personal Savings & Investments
Full flexibility, but every dollar spent is a dollar not left for other goals.
🛡️ Long-Term-Care Insurance
Shifts a defined portion of future costs to an insurer in exchange for premiums.
🔗Hybrid Life + LTC Policies
Bundles a life-insurance death benefit with access to those dollars if care is needed.
🏡 Home Equity Strategies
Reverse mortgages or line-of-credit plans can unlock value without selling your home.
🩺 Medicaid
A safety net after you’ve met strict income and asset limits (varies by state).
💡 The right mix depends on your health, financial picture, and family dynamics.
Myths—Busted
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“I’ll wait until I’m older.”
Health changes can make coverage unavailable or dramatically more expensive
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“I’ll lean on Medicare.”
Medicare pays nothing for custodial help with bathing, dressing, or dementia supervision.
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“My kids will take care of me.”
They might—but having a plan means their help is a choice, not a financial obligation.
How Mission Insurance Partners Makes It Simple
Step
30-Min Discovery Call
Personalized Cost Snapshot
Strategy Menu
Ongoing Partnership
What We Do
We learn your health history, family goals, and budget.
We project local care costs and inflation over 20 years.
We outline practical funding paths—insurance, savings, or a blend—without pushing any one product.
Annual reviews, claim support, and mid-life course-corrections.
Your Takeaway
Clarity on real risks & priorities.
See your potential gap in black and white.
Compare pros, cons, and budget impact side-by-side.
Peace of mind that your plan stays on track.
Our service is free; carriers pay us, not you. With 100 + years of combined experience and a client-first, carrier-agnostic philosophy, we translate complex choices into plain English.
Ready to Protect Your Future?
A quick conversation now can save stress, money, and family heartache later.
Mission Insurance Partners is not affiliated with or endorsed by any government agency.
Cost figures are national medians; local rates vary. Contact us for personalized estimates.
Phone Number
(304) 685-2510
Location
9901 Brodie Lane STE 160-751, Austin TX 78748
E-mail Address
Mission Insurance Partners
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