Costs of Long-Term Care Services in California

The average Long-Term Care costs for Nursing Home and Home Health Care Services for the major cities in CA are listed below.

*Source: MetLife Mature Market Institute Market Survey of Long-Term Care Costs - October 2011

In San Diego, full-time long-term care assistance costs on average about $73,000 per year.
Long term care costs rise with inflation. In the past 30 years, they have increased 2-3% annually. That means that if you are in your 50s now, the annual cost for long-term care when you’re in your mid-80s could be $225,000 – $300,000 per year! Because most  people need Long Term Care Services for 2-5 years, total costs could range from $450,000 – $1.5 million.

The question to ask yourself is this:  If you or your loved one requires long-term care, where will the money come from to pay for it? Many families today are two-income families and require both incomes to meet their current financial needs. There is not enough extra money for a long-term care situation, particularly if one of you loses the ability to earn an income because of an accident or illness. And if Long-Term Care is difficult for two-income - or even one-income - families, it's likely to be tougher for those who are retired. With the average costs listed above, again we have to ask ourselves the question, where will the money come from to pay for it?

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