How Much Is Long Term Care Insurance?

Many consumers who search for long term care insurance already know they need it. But many are left wondering, how much is long term care insurance and can it fit within my budget?

The cost of long term care insurance depends on a few factors:

Your Age

Long term care insurance rate are based on your age when you buy coverage. The longer you wait, the higher your premiums will be. If you have a birthday coming, get a quote and apply for long term care insurance before you turn another year older.

Your Health

Long term care insurers may vary their rates based on your overall health and current health conditions. Most healthy people fall into a standard health rating while others may be in exceptional health (preferred) or below standard ratings. The better your health, the lower your premiums will be.

Your Marital Status

If you’re married or in a long-term partnership, you may be eligible for marital discounts up to 15%. If your spouse or partner applies with you for coverage, you both may receive discounts of 30-40% off your premiums.

Your Gender

Recent gender-based pricing raised rates on coverage for women because statistically, women are more likely to use the coverage and use it longer than the average male. While women will pay more for coverage, applying with your spouse can help reduce your premiums.

Your State

Your state allows insurers to offer their products at approved rates. Depending on the state you live in, current approved products and rates may vary.

Your LTCI Plan

The more coverage you buy, the higher the premium. If you have a budget in mind, you can find a plan to fit within your budget.

Curious about the cost of LTCI for yourself? Try our instant quoting tool. Enter your state, gender, and partner status to play with plan designs to fit your budget. Need help? Our LTCI Specialists are always available to help guide you.