🏥 Long-Term Care Insurance Calculator
Estimate long-term care insurance premiums based on age, health, benefit period, daily benefit amount, and inflation protection.
Long-Term Care Insurance Calculator FAQ
How much does long-term care insurance cost?
For a 55-year-old couple, expect $2,000-$6,000/year combined for a standard policy ($200/day, 3-year benefit, 90-day elimination). Costs rise dramatically with age — buying at 60 vs 55 can increase premiums 30-50%. Women pay 40-60% more due to longer life expectancy and higher claim rates.
When should I buy LTC insurance?
The sweet spot is ages 50-60. Before 50, premiums are low but you pay for many more years. After 60, premiums increase sharply and health issues may disqualify you. At 65+, you may not be insurable at all.
What does long-term care insurance cover?
Nursing home care ($8,000-$12,000/month), assisted living facilities ($4,000-$7,000/month), home health aides ($25-$35/hour), adult day care, and respite care. Benefits begin after the elimination period (typically 90 days of needing care).
What are alternatives to LTC insurance?
Hybrid life/LTC policies (life insurance with LTC rider), self-funding, Medicaid (requires spending down assets), health savings accounts, reverse mortgages, or family caregiving. Each has trade-offs — hybrid policies are growing in popularity.