Genworth, an insurance and financial services company, has released its annual report on long term care costs. Its interactive map is at https://www.genworth.com/about-us/industry-expertise/cost-of-care.html. For Indiana, it shows costs of $3,528 for an Assisted Living Facility, $6,388 for a Semi-Private room in a nursing home, and $7,665 for a Private Room. The high costs of long-term care places a burden on our senior clients. The good news is there are legal planning steps that can be taken to help protect much of their hard earned savings. If you, or a loved one, are facing these issues and unsure of how to pay for long-term care, we would be happy to help. We can guide you through the Medicaid system and show you options that may help you and your family in these trying times.
