Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Once you turn 65, there is a 70% chance that you are going to need some kind of long-term care during the remainder of your lifetime, according to LongTermCare.gov (1). Unfortunately, paying for this care can be very difficult: According to SeniorLiving.org, the median price of a semi-private room in a nursing home is $114,665 per year as of 2025 (2). Must Read Let's say that your 80-year- ...