People
age 65 and older face at least a 40% lifetime risk of entering
a nursing home.
About
10% will stay there five years or longer.
Nursing
home is the most expensive and intensive form of long term
care. The average cost of nursing home care in the U.S.
is $42,000 but can exceed $80,000 in some parts of the country.
Contrary
to popular belief, Medicare pays less than 15% of the nation's
long term care bill.
