Preserving Your Retirement Nest Egg

There's a missing piece to many retirement strategies today - how to manage the cost of future nursing or home health care expenses. 

There is a range of services and supports you may need to meet your future personal care needs.  Planning is critical, but many people are not sure what is covered by health insurance, and often are unsure about what is covered by Medicare.

Most retirees will need living assistance or support care in their lifetime.  And if you are unprepared to manage these expenses, the financial impact can be devastating.  

Counting the Cost

Health insurance rarely pays for the cost of nursing home care, custodial care, or home care.

Medicare usually doesn’t cover custodial or home care at all.

National average costs of care include:

What if I have to go to into a nursing home? Nursing homes provide 24/7 care. They offer some of the highest levels of care available and typically cost a bit more than most other options. The median cost of a nursing home with a private room is $290 per day ($105,850 annually).

But I'd rather be cared for at home.  Most often, the cost of in-home care is charged by the hour and has a wide range of potential figures. In 2023, the median cost of in-home care services was about $24 per hour.  Estimating about 44 hours of care per week per senior, people spent about $4,500 per month ($54,000 per year).

According to the Genworth Cost of Care Survey. 

Protect Your Nest Egg, Insure

Without adequate insurance coverage, costs associated with your care can deplete your savings and retirement nest eggs.

GET THE BEST OPTION FOR INSURING YOUR COMFORT CARE.

Patrick T. Davis, CSA ®

Certified Senior Advisor (CSA®)

24 Years of Service

NPN: 7137980   GA LIC: 620653

Call: (404) 729-3438

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