As you age, your odds of eventually needing long-term care (LTC) increase dramatically. At retirement age (age 65), you already stand a 50 percent chance and by age 85 those odds will have increased to a 75 percent chance. As of 2018, the average yearly cost of LTC in New Hampshire was over $133,000. With an average length of stay of three years, you could be facing a LTC bill of well over $400,000. Making matters worse is the fact that neither Medicare nor your basic health insurance coverage will likely cover LTC expenses, leaving you to pay out of pocket unless you are eligible for Medicaid.