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 2% inflation 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, 2019 Buying Trends.
3 Genworth 2021 Cost of Care Survey, conducted by CareScout®. Nursing home care, private room.
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?