Succeed with Us

With over two decades of experience, we understand how to help you succeed.

Clients Choose The Van Group

Because of experience & trusted relationships.

Plan for Tomorrow

We learned from taking care of our parents. Now we are better prepared.

WHO WILL PAY FOR LONG TERM CARE EXPENSES?

WHO WILL PAY FOR LONG TERM CARE EXPENSES?

Too often, long term care conversations come far too late for families, which leaves them scrambling for options and resources when a loved one hasan LTC event. Since 70% of people turning age 65 can expect to use some form of long term care during their lives, planning ahead for potential LTC needs is crucial to protecting a family’s financial, emotional and physical health.

WHO WiLL PAY FOR LONG TERM EXPENSES?
Not health insurance
Not Medicare
Medicaid only under certain circumstances

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COSTS TO FAMILY & FRIENDS
-Americans spend $48 billion on long term care expenses for themselves or family members. By 2050 they could spend $135 billion
-Family caregivers in the U.S provide 37 billion hours of unpaid care, which is worth an estimated $470 billion
(more than total Medicaid spending - $449 billion)

Caregiving Shortage has already started a steep decline....
2010
7.2 potential family caregivers to person age 80+
By 2030-it will fall to 4 to 1
By 2050-it will fall to 3 to 1

NURSING HOME COSTS RISING
The average cost of a one-year stay in a nursing home will increase
2014-$71,000
2030-$146,000
The cost of nursing home care increases by ~4.5% annually

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