Needs of long term care can fall upon anyone, not just those nearing or transitioning into retirement. Some of these statistics may be surprising. In the State of Alabama, the average cost of a nursing home private room was $76,267 per year. The median yearly cost for all nursing homes in the United States was just over $80,000 per year in 2016.
Nearly 70% of people over the age of 65 will need long term care support services at some point in their lives according to the 2016 publication of Medicare and You.