About 5% of people 65+ years old end up in a nursing home. However, almost half of those 95 yrs. old and older reside in a nursing home. Source: Center on Aging Studies. The average nursing home costs over $7,000 per month in Washingto State. Thus, most people can’t afford to pay directly for this care if they need it. Long-term care insurance can be purchased to guard against the risk, but it is expensive, and may be unavailable as your age increases.
UNDER CONSTRUCTION