LTC Solutions

Cost of Long-Term Care & Long-Term Care Insurance

Average Cost of Long-Term Care

The cost of long-term care services continue to be on the rise, the annual median cost of long term care services have increased 4.5% from 2016 to 2017, the second highest year-over-year increase for nursing homes and home care since the study began in 2004 and nearly three times the 1.7% U.S. rate of inflation. Below are some more finding from the Genworth 2018 Cost of Care Study.

Type of Care
National Average
Nursing Home, Private Room
Nursing Home, Semi-Private Room
Homemaker Services
Home Health Aide
Adult Daycare
Assisted Living

Cost of Long-Term Care Insurance

Long-term care insurance premiums are like any other insurance that you may have purchased, the premiums will greatly depend on the type of policy you decide to purchase, the benefits that you choose, any discounts that may receive (martial, good health, etc.) and your age at the time you purchase the policy (the younger you are the lower the premiums will be).

As mentioned in the what is long-term care insurance section of this website, most long-term care insurance policies are comprehensive which simply means that they will typically include home health care, nursing home care, assisted living, adult day care, etc. The benefit levels will impact the cost of a long-term care insurance policy, click here to learn more.

Premiums will typically remain the same each year unless the long-term care insurance carrier has a rate increase for the entire class of policyholders at the same time. LTC Insurance carriers cannot just increase your individual premiums for whatever reason.

To speak to a representatives about pricing, complete the inquiry form.

LTC Solutions - 3501 Del Prado Blvd. Unit 205 Cape Coral, FL 33904. LTC Solutions for consumers provides long-term care insurance quotes and product information from a long-term care insurance expert for many of the leading LTC insurance carries.
This website should be considered an advertisement, not a contract. The intent of this website is to gather information from the inquiry request and then contact the consumer to go over their specific needs. George Mellendorf, owner of LTC Solutions is licensed in all 50 states.

The Secrets of realistic LTC planning

Long Term Care Insurance is Essential in Today’s Times - It is very important that all of us invest some part of our income in long term plans related to insurance of our health and property. Today, the cost of living is increasing day by day and the financial conditions have become so unstable. That is why it is necessary for all of us to allocate some amount on monthly or annual basis to long term care insurance.

Read More

Long-Term Care Insurance - Purchase Young and Save - Often people think that long-term care insurance is for people who are old. But this is just a myth. People of every age group are nowadays buying insurance for long-term health care. This kind of insurance is very important as we start growing old. Some people might find that insurance for long-term care insurance is expensive which is true in most cases but the most important thing is that by getting ensured they have taken care of their most important asset i.e. health and welfare. Some of the youngsters who are taking care of their old parents understand the importance of this kind of insurance.

Read More

Popular Info

Follow LTC Solutions on Twitter Find LTC Solutions on Facebook