Long-term care (LTC) services cost a fortune, but typical prices for the kinds of care clients prefer increased at a moderate pace in 2019, according to new data from LTCG.
LTCG is an Eden Prairie, Minnesota-based company that helps insurers manage their blocks of long-term care insurance business. The company conducts regular LTC provider cost surveys.
- The LTCG long-term care cost database is available here, behind a paywall.
- An article about an earlier LTCG cost data release is available here.
The company has based its latest cost of care study on responses from about 15,000 U.S. providers.
Traditionally, typical LTC planning clients have looked for ways to stay in their own homes for as long as possible, and to stay out of nursing homes for as long as possible.