Who Pays for Long-Term Care in the U.S.?
This fact sheet provides information about long-term care costs and how services are paid for in the U.S.
Many older adults and people with disabilities of all ages require supportive services, known as long-term care. As the population ages, demand for long-term care is increasing, along with the spending on these services. Long-term care services are financed primarily by public dollars, with the largest share financed through Medicaid, the federal/state health program for low-income individuals. Long-term care services are also financed privately through out-of-pocket payments by individuals and their families and long-term care insurance.
The State of Long-Term Care Financing: In the United States, nearly $725 billion is spent per year on long-term care.
The State of Long-Term Care Financing: 70% of 65-year-olds need long-term care for average three years.