Learn More About Long Term Care Insurance With Frequently Asked Questions (FAQ)
Purchasing and Costs
1 Estimated premium based on $1,500 monthly benefit period, 3 year plan duration, 90 service day waiting period, with guaranteed future purchase option in the state of Washington. Information is intended only as a summary and general overview. Review actual insurance company proposal for specific pricing. This is for general long term care education purposes and is not a warranty, representation or to be binding in nature.
2 Internal application data study, LTC Consumer, 2016 Buying Trends.
3 US Department of Health and Human Services.
4 Genworth 2017 Cost of Care Survey, conducted by CareScout®, June 2017. Nursing home care, private room.
5 Insuring Long-Term Care in the United States. Jeffrey R. Brown, Amy Finkelstein. JOURNAL OF ECONOMIC PERSPECTIVES, VOL. 25, NO. 4, FALL 2011.
Most states offer LTC government programs with incentives for those who buy LTC insurance.
Long term care insurance premium increases have recently been in the news.
Have you considered making a strategy to prepare for an unexpected long term care event?