THE ANNUAL COST OF A NURSING HOME STAY RANGES NATIONALLY BETWEEN $35,000.00 AND $125,000.00
43% of those Americans who reach age 65 or older in 2003 will spend some time in a nursing home, 24% of the same group will spend at least one year, and 10% will spend over 5 years

MEDICARE DOES NOT PROVIDE ANY COVERAGE FOR THE MOST COMMON TYPE OF NURSING HOME CARE - CUSTODIAL CARE

Who pays for long-term care?
43% MEDICAID
25% OUT OF POCKET
14% MEDICARE
10% PRIVATE INSURANCE
8% OTHER

For seniors and people with disabilities, there is a resource allowance of ONLY $2,000 for a single person in a nursing home or $3,000 for a couple in a nursing home (resource allowances may vary by state)