Did you know that the cost of nursing home care in North Carolina ranges between $5,000 to $10,000 a month? That’s a lot of zeroes. After the sticker shock wears off, it’s time to think about how to plan for long term care – since statistics show the majority of us will need it at some point in our lives. The question is: How to pay for it?


If you have the money to cover the costs of a nursing home, that is certainly one way that you could pay.  The big problem is that the average cost for nursing home care today is $6,500 per month in North Carolina. It’s more in the metropolitan areas and less in the outlying regions. Having that kind of income to cover those monthly expenses may not be an option for most people.

Liquidate Assets

Paying for care may include a combination of readily-available income and the liquidation of assets in order to pay the difference. Selling off stock and real estate to generate the cash are examples of these options.

Long Term Care Insurance

This may be a very valuable tool if you get it at the right time and at the right price when you are young enough, before there is actually a need for it. Unfortunately, a lot of people who come to me with questions about long term care insurance have not purchased it, and now something has come up and they are not in a good financial position, making long term care insurance not an affordable option.

Care Assistance Planning

That’s where we look at everything and try to get the person qualified for Medicaid to handle the costs of nursing home care. It’s very complex:  It involves income, possible rearranging and spending of some assets, followed by Medicaid coming in and picking up the difference.

Planning for long term care is a process, and our kind and knowledgeable staff are here to help you with this process, as well as to answer any questions you may have: (919) 844-7993. I would also be happy to send you a copy of my book: Don’t Go Broke: The Truth Behind North Carolina Long Term Care Planning. You don’t have to go broke and bankrupt your family in North Carolina to get the long term care help you need. Please contact the office for a complimentary copy.