Financial Costs

In the U.S., 59 million adults provide care to a loved one,²  and a majority are working in addition to caregiving. Those who remain employed while providing care still face financial setbacks.¹

• Nearly 50% experience negative impacts on their work, such as arriving late, leaving early, or taking time off to meet caregiving obligations.
• Working caregivers often feel isolated.
• Many are hesitant to disclose their role as a caregiver to their supervisors.

The financial impact can be devastating with caregivers forced to use up savings, take on more debt, or leave bills unpaid. To make up for the financial impact, some caregivers opt to work more or secure a second job. Almost 10% decide to delay their retirement altogether.

Logistical Costs

Balancing work, family, and caregiving responsibilities takes a toll on caregiver well-being. On average, caregivers spend 27 hours per week providing care.

Many who provide informal care lack adequate training to provide that care. Only 11% report any training for the daily care they provide, and access to respite care programs, which are designed to give caregivers a break from their care responsibilities, is often limited.¹

Physical and Psychological Costs

The demands of caregiving can impact a caregiver’s physical and mental health. Nearly 25% of caregivers report difficulty in caring for themselves,¹ and over time, caregivers may develop depression and anxiety, a weakened immune system, excess weight and obesity, and chronic diseases.³  In fact, caregivers are at increased risk of having multiple chronic conditions.⁴

The physical and mental toll has an impact on their loved ones too. Some days, caregivers’ physical and mental health can limit their ability to complete their usual caregiving activities.¹ Caregiver burnout is a very real phenomenon often caused by a combination of emotional and physical demands and exhaustion, at which point both the caregiver and the patient suffer.

How LTC Insurance Can Help

Many LTC policies pay informal family caregivers, which can help those family members secure a reasonable income and cover some caregiving expenses. Benefits can be used for caregiving training and also for adult day care that can provide temporary relief from the exhausting demands of caregiving.

LTC planning may be one of the most meaningful gifts you can give your family. LTC insurance can help solidify your plan for care, while providing the peace of mind that comes with knowing you’ve provided for your caregivers before they need to provide for you.

Learn more about how LTC insurance can help, or contact an advisor today.

¹ AARP and National Alliance for Caregiving. Caregiving in the US 2025. Washington, DC: AARP. July 2025. https://doi.org/10.26419/ppi.00373.001
²New Data on Family Caregivers in the U.S. Center to Advance Palliative Care. www.capc.org/blog/new-data-on-family-caregivers-in-the-us/, July 25, 2025.
³ Changes in Health Indicators Among Caregivers — United States, 2015–2016 to 2021–2022. CDC. hwww.cdc.gov/mmwr/volumes/73/wr/mm7334a2.htm, August 29, 2024.
⁴ The Caregiving Landscape: Data & Insights on the Caregiver Experience in the U.S. Caregiver Action Network. www.caregiveraction.org/caregiver-statistics/, Accessed September 12, 2025.
⁵  Long-Term Care in America: Expectations and Preferences for Care and Caregiving. The Long-Term Care Poll. Accessed September 25, 2025.