Long-Term Care Insurance Division
    WAEPA is a non-profit association, governed by federal employees who serve on a
    voluntary basis, providing insurance benefits to civilian federal employees since 1943.		  



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What is Long-Term Care Insurance and Why is It Important?
It Will Never Happen to Me
What is the Cost of Care Where You Live?
Long-Term Care Insurance Building Blocks
The Family Long-Term Care Insurance Decision
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It Will Never Happen to Me

For some people it may be difficult to imagine needing long-term care. It is unpleasant to think of yourself getting older and requiring nursing or home health care, yet more and more Americans face this situation each year.

Consider the statistics below and ask yourself...Could this happen to me?
  • 60% of people who reach age 65 may need long-term care at some point in their lives.5

  • Nearly 40% of Americans receiving long-term care services are adults ages 18-64. 6

  • Percentage of seniors requiring assistance with activities of daily living at home or in community-based settings: 80% 7

  • 70 million people will be age 65 or older when the last of the Baby Boomers retire in 2030 – double the number today. 8

  • Of 22.4 million families in the US, nearly 25% of all households provided care for elderly relatives. 9

  • 54 million Americans spend an average of 18 to 20 hours per week caring for an adult loved one. 10

  • The U.S. Department of Health and Human Services reports that the total number of Americans needing long term care is expected to rise from 15 million in 2000 to 27 millions in 2050, and increase of nearly 100 percent. 11

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  1. U.S. General Accounting Office: “Where Does The Population Live and Who Cares for Then? LTC: Diverse, Growing, Population Includes Millions of Americans of all Ages,: January, 2001.
  2. U.S. General Accounting Office, March 2001
  3. General Accounting Office, Testimony Before the Committee on Finance, US Senate, 2001.
  4. American Council of Life Insurers, Stucki, B. and Mulvey, J. “Can Aging Baby Boomers Avoid the Nursing Home.” March 2000.
  5. Study by Brandeis University's National Center of Women and Aging, December 1999.
  6. National Family Caregivers Association, “New Survey Points to Major Shift In Caregivers,” Press Release Dated October 13, 2000.
  7. US Dept. of HHS Office if the Assistant Secretary for Planning and Evaluation: “The Future Supply of Long Term Care Workers in Relation to the Aging Baby Boom Generation: Report to Congress,” May 14, 2003