How Much Does Long-Term Care Cost?

The U.S. Department of Health and Human Services (HHS) estimates that 56% of individuals turning 65 in 2020 to 2024 will need long-term care services and supports.[i] The average need for these services range from 2.3 years for men to 3.2 years for women. If you or a loved one were to need long-term care for this amount of time, HHS estimates the average out-of-pocket expense to be $156,000.

That estimate is on a national level. Genworth is a global financial security company that provides an annual Cost of Care Survey comparing current long-term care costs by state and region.[ii] Below are the median rates for Maine and the Bangor region:

Type of Care


Daily Rate

Monthly Rate

Annual Rate

Home Health Aide









Assisted Living Facility









Nursing Home
(semi-private room)









Nursing Home
(private room)









Based on these averages, an aging Mainer could anticipate long-term care services to cost over $230,000 for just two years of care! With these rates increasing annually, planning ahead is more important than ever. If you would like to schedule a meeting to discuss your options to protect assets from potential long-term care expenses, please give us a call at 947-6500.

[i] Long-Term Services and Supports for Older Americans: Risks and Financing, 2020, ASPE Research Brief, Urban Institute and US Department of Health and Human Services, (January 2021).



When our loved one was diagnosed with two forms of dementia at a young age, we had no idea the long and twisted road we were going to travel. Medical and mental health care for dementia comes with a multitude of unknowns, and support is not always re…”
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