Long-Term Care Insurance Calculator
Calculate long-term care insurance premiums and coverage needs.. Free long-term care insurance calculator with instant estimates.
🏥 Long-Term Care Insurance Calculator
📐 How We Calculate This
Our insurance estimates use actuarial models based on publicly available rate filings, NAIC data, and national averages from the Insurance Information Institute. Factors include age, location, coverage level, claims history, and asset value.
Premiums vary significantly by state and insurer. This calculator provides a baseline estimate — we recommend comparing quotes from at least 3 licensed carriers for accurate pricing.
📚 Sources & References
Frequently Asked Questions
Long-term care (LTC) insurance covers the costs of care when you can no longer perform daily activities independently — such as bathing, dressing, or eating. It pays for services like nursing home stays, assisted living, home health aides, and adult day care that health insurance and Medicare typically don't cover.
Most experts recommend purchasing between ages 55–60. Buy too early and you pay premiums longer; buy too late and premiums skyrocket or you may not qualify due to health conditions. About 70% of people over 65 will need some form of long-term care.
Women statistically live longer, are more likely to need long-term care, and use care services for longer periods (average 3.7 years vs. 2.2 years for men). Insurers price this higher risk into premiums, typically charging women 40–60% more than men of the same age.
The elimination period is like a deductible measured in time — it's the number of days you must pay for care out of pocket before your policy starts paying. Common options are 30, 60, 90, or 180 days. A longer elimination period means lower premiums but higher out-of-pocket costs when you need care.
Yes, especially if you're buying in your 50s. LTC costs rise 3–5% annually. Without inflation protection, a $150/day benefit purchased at 55 would cover much less of actual costs by age 80. Compound 3% protection is the most popular choice — it roughly doubles your benefit over 25 years.