Nursing Home Costs in 2022 and How to Afford Them
Table of Content Long-Term Care Statistics by Nursing Home Population Tips for Health Care Coverage in Retirement Are Nursing Home Costs Tax Deductible? How to Pay Nursing Home Statistics Nursing home costs in 2021 People who are 85 years old or older make up the largest share of nursing home residents. This accounts for only adults who are over the age of 60, and it’s over triple the number of people who need long-term care as of 2019 . The number of nursing home residents has dropped from 1.39 million in 2010 to 1.29 million in 2020. California has the most nursing home residents of any state at 99,956. 70% of people who reach the age of 65 will need long-term care at some point in life. Looking at online resources and asking your local community can help you make the right decision when seeking nursing home care. In 2022 alone, experts predict that the number of nursing home employees will increase by 3.2%. In contrast, 81% of residential care communities are for-profit co