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I know that the average stay in a nursing home is 1 year and that the average cost is $65,000 a year, so how can I afford this? What will Medicare pay for?

April 26, 2017a year afford average COST medicare nursing home stay year

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I know that the average stay in a nursing home is 1 year and that the average cost is $65,000 a year, so how can I afford this? What will Medicare pay for?

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A. Medicare only pays for 20 days of nursing home care and with supplemental insurance another 80-100 days can sometimes be covered. If the average stay is 1 year, are you prepared to pay up to $65,000 for the remainder of the year? And what if the stay is longer? If this is a concern to you, we recommend that you consult a professional estate planner for long-term care. We know from experience that there are many options for seniors to pay for long-term care.