Longevity has boosted the number of Americans who need some form of long-term care during their lifetime. Health and Human Services estimates 52% of Americans turning 65 today will develop a disability serious enough to require LTC services, such as a nursing-home stay or a home health aide, services that are expensive. The median U.S. cost for a month’s stay in a private room in a nursing home is $8,517, according to insurer Genworth. The median monthly cost for an assisted living facility is $4,051, and $4,385 for a home health aide. While most Americans will require assistance for only two years or less, 1 in 7 will need care for more than 5 years, according to HHS. Sales of traditional LTC insurance policies fell more than tenfold over the past two decades, to roughly 58,000 policies sold in 2018. A single 55-year-old male paid an average $2,050 in annual long-term care insurance premiums in 2019, according to AALTCI. A 55-year-old female paid an average $2,700.