How To Afford Long-Term Care In Retirement

Every retiree should have a lifetime plan for a life at home. Having a plan in place for long-term care can save money, reduce stress and enable you to age in the comfort of your home.

According to the U.S. Department of Health and Human Services, almost 70 percent of adults older than 65 will need some form of long-term care. Paying for unexpected long-term care can leave retirees in a difficult financial position if they don’t have a plan to manage their health concerns.

To the surprise of many, Medicare and private insurance rarely cover the long-term care associated with later-life health concerns. This means it’s not uncommon to pay out of pocket, putting some retirees in difficult financial positions despite responsible financial planning.

For many aging Americans, staying in their own homes is important to their sense of independence and helps maintain a positive outlook on life. In many cases, it’s the best choice and is often less expensive. Here’s a breakdown of what you can expect to pay for various long-term care and retirement options per year:


Retirement Community: $25,000 to $50,000

Adult Day Care Services: $35,000 to $40,000

Assisted Living: $65,000 to $70,000

Home Health Aids: $46,332

Nursing Home: $90,000 to $100,000+


Programs like Friendship at Home act like an insurance policy. By making smaller monthly payments, our members can be confident quality care is available whenever they need it while knowing they’re saving money in the long run.

Our program guarantees everything from cleaning help, personalized homecare and check-in services, to companionship and more. Our care coordinators arrange services at a moment’s notice to deliver the care you need without the burden of organizing it. Whether you need short-term care for an injury or long-term care for a persisting ailment, we’re always ready to offer the individualized help you need in the comfort of your home.

To learn more about our services, call 614-734-2167. We’ll help you age in the comfort of your home while knowing you have an affordable, long-term care solution whenever you need it.