Free 81-page guide
Medicare pays $0 toward long-term care. Here's what it actually costs.
A private nursing home room runs $127,750 a year in Utah and $139,795 in Colorado — and the federal government puts the odds of needing that kind of care after 65 at almost 70%. This guide walks through what the care costs, what Medicare and Medicaid do and don't pay, and the ways families plan ahead before it's too late to plan at all.
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Annual median cost of care
| Type of care | Utah | Colorado |
|---|---|---|
| Home health aide | $86,944 | $96,096 |
| Assisted living | $56,220 | $70,521 |
| Nursing home, semi-private | $100,375 | $120,450 |
| Nursing home, private room | $127,750 | $139,795 |
Source: Genworth & CareScout Cost of Care Survey, 2024. Three years of private-room care in Colorado is over $400,000.
What's inside
- Why Medicare and Medicare Advantage don't cover custodial care — and what they actually do cover
- How Medicaid pays for long-term care, and what "spending down" really means for your savings
- The real odds: how likely you are to need care, and for how long
- Traditional coverage, hybrid life-with-care policies, and self-funding — how each one works
- What it means for your spouse and your kids if no plan exists
- The questions to ask before you buy anything