Let's talk costs!
The average cost of LTC services will vary depending on the region of the country where you live or decide to retire. Since Jim lives and works in the Denver, Colorado area, below are the typical average monthly costs associated with the different types of LTC services provided in his area. To view the costs of long-term care services in your specific region, click on Genworth’s Cost of Care link below and search your region.
The 2018 average monthly LTC costs for the Denver, Colorado area are:
|LTC Services Provided||Monthly Cost1|
|Adult Day Care||$1,625|
|Assisted Living Facility||$4,700|
|Home Health Aide||$5,243|
|Nursing Home (semi-private)||$8,365|
|Nursing Home (private)||$9,520|
The LTC costs above are for year 2018. However, you don’t need care today. To get an accurate figure of what LTC costs will be when you might need care, take the above numbers and inflate them by 5% annually for 20, 25, or 30 years. That is the amount of monthly benefits you’ll want to solve for.
1 The Genworth Cost of Care Survey for 2017
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The Next Step?
Our complimentary PERSONAL LTC ASSESSMENT is our 6-Step Process that begins with a conversation between you and Jim, discussing your family dynamics and concerns. From this conversation, Jim will do his homework, and then present to you, your very own LTC Plan of Action, that will include the most appropriate solutions for your particular needs.