Utah Families Struggle with Skyrocketing Care Costs
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Utah families grapple with skyrocketing long-term care costs, with memory care running up to $8,200 per month and nursing homes averaging $9,500. The states senior population is projected to double by 2030, exacerbating the issue. Rural areas lack facilities, forcing families to pay premium prices or drive hours for care. Home health aides charge $28-$32 per hour, surpassing western averages. Families often delay professional care, draining savings on home care and equipment. Medicaids five-year lookback period can result in significant financial penalties. New hybrid policies, such as life insurance with long-term care riders and annuity hybrids, offer solutions for managing care costs and ensuring financial security.
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