Long Term Care Insurance As clients save for the future, health-related expenses in retirement may be one of their primary concerns. These costs can increase considerably, especially if they develop a health problem that requires long-term care. Preparing for this financial risk is an important step in the retirement planning process.Facts about long-term careThe risks*70% of people turning age 65 can expect to use some form of long-term care during their lives.20% of those, age 65 and older, will need care for more than 5 years.The costs**$95,630/year for a Medicare-certified nursing home private room$19.36/hour for Home Health Aides provided by a certified nursing home private roomStrategies for Coverage: Self-InsureTraditional LTC insuranceHybrid LTC InsuranceLTC rider on a Life Insurance PolicyLTC rider on an Annuity PolicyOur team can help you determine which option may be most appropriate for you. Each strategy has unique features, risks and benefits you will need to consider. Disclosure *U.S. Department of Health and Human Services long-term care website: http://longtermcare.gov/the- basics/ who-needs-care/, accessed July 12, 2013. **Univita, “2013 Cost of Care Survey,” https://www.lfg.com/lfg/DOCS/pdf/rna/2013CostofCareSurvey.pdf. Costs are national averages. For a printed copy of the survey, call 877-ASK-LINCOLN.