The Majority Will Require Some Form of Long-Term Care...And It Won't Come Cheap

Long-term care planning is essential for all workers, yet takes on a greater importance for women for several reasons. 

First, according to the American Association for Long-Term Care Insurance (AALTCI), women are far more likely than men to require care.

Nearly 75% of nursing home residents are women, and women older than age 65 require care for an average of 3 years, roughly twice that of men.

Therefore, it is not surprising that a significant number of long-term care recipients (66%) are women.

Single women represent the largest block of claimants (41%), while single men comprise the smallest (12%).

Finally, AALTCI estimates that women provide upwards of 60% of care needed for a spouse or family member, frequently while continuing to take care of their children and job obligations.