With the life expectancy of Americans now over 78 years, demand for long term care facilities is strong and future prospects continue to look positive for services such as assisted living, nursing homes and home care, according to Kalorama Information. The healthcare market research publisher estimated the long term care market in the U.S. to be $258 billion in 2010. The findings were included in their report on the industry, Long Term Care Market: Nursing Homes, Home Care, Hospice Care, and Assisted Living.
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Assisted-living facilities can range in size from a small residential house for one resident up to very large facilities providing services to hundreds of residents. Assisted living is typically paid for from private funds, but there are a few exceptions. Some long-term care insurance policies cover licensed assisted living. Thank you...
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