- Tax Benefits of Long-Term Care Insurance
Long-term care insurance can offer significant tax benefits, making it a financially savvy choice for those planning for the future. Premiums paid for qualified long-term care insurance policies are often tax-deductible, with the deductible amount depending on the taxpayer’s age and adjusted gross income. For businesses, employer-paid premiums may be tax-deductible as a business expense,… read more…
- 7 Key Benefits of Long-Term Care Insurance
Long-term care insurance helps provide financial support for individuals who need assistance with daily activities due to aging, illness, or disability. This insurance helps cover the costs of services like nursing home care, home health care and personal or adult daycare. Understanding the benefits of long-term care insurance can help you prepare for future health… read more…
- Long-Term Care Insurance: Does It Cover Hospice?
Long-term care insurance is designed to cover the costs of services that assist with daily living activities. When it comes to hospice care, this insurance can indeed be beneficial. Hospice in long-term care focuses on comfort and quality of life for terminally ill patients. Many long-term care insurance policies include provisions for hospice care, covering… read more…
- Average Cost for Long-Term Care Insurance After 60
Age plays a major role in determining long-term care insurance premiums. The older you are, the more you’ll pay for coverage. While premium increases are relatively small for younger applicants, costs begin to rise sharply after age 60. In fact, premiums can nearly double between age 60 and age 79, which is also the age… read more…
- I Was Quoted $7,000 Per Year for Long-Term Care Insurance. Is That Too Much?
At $7,000 per year, or about $583 per month, a long-term care policy like this is priced higher than average for what most people can get. According to market data from the American Association for Long-Term Care Insurance (AALTCI), a single male or female should pay around $2,100 to $3,600 per year (or $175 to… read more…
- I’m 68 and My Long-Term Care Insurance Now Costs $600 Per Month. Is This Too Much?
Imagine that you’re 68 years old and have a long-term care insurance policy in place that will help you pay for this all-important type of care later in life. You pay $600 per month in premiums and tell yourself it’s a good investment, considering how expensive long-term care can be. Consider working with a financial… read more…
- When to Buy Long-Term Care Insurance
If you were ever to become disabled or suffer a chronic illness or age-related debility that requires you to pay for help feeding and dressing yourself or similar assistance for an extended period, long-term care insurance could be a valuable… read more…
- What Disqualifies You From Long-Term Care Insurance?
From assistance with daily activities to medical support, long-term care insurance is designed to provide financial protection when you face chronic illness, disability or cognitive impairment. However, pre-existing conditions, advanced age, health issues and disabilities can disqualify you from getting… read more…
- What Is Hybrid Long-Term Care Insurance?
Life insurance is designed to provide a death benefit for your loved ones if you pass away. Long-term care insurance, meanwhile, can help pay for long-term care expenses while you’re still living. Having both types of insurance coverage could make… read more…
- Do I Need Long-Term Care Insurance?
A 65-year-old person today has nearly a 70% chance of requiring long-term care services at some point, according to the Administration for Community Living (ACL) and the Administration on Aging (AOA). Of that group, 20% will need it for over… read more…
- Average Cost of Medicare Supplemental Insurance
When you reach retirement age, Medicare insurance offers basic medical insurance protection for your health needs. However, this coverage is basic and does not cover all of the costs for covered medical services and supplies. Medicare supplemental insurance policies are… read more…
- What Happens to Unused Long-Term Care Insurance?
Long-term care insurance is designed to provide financial support for services like nursing home care, assisted living, or in-home assistance when you can no longer manage daily activities on your own. But what happens to unused long-term care insurance if you never need to file a claim? This is a common concern for policyholders and… read more…
- 1035 Exchange: Annuity to Long-Term Care Insurance
For many individuals planning for retirement, balancing the need for future income with the potential costs of long-term care can be a challenge. One financial strategy that has gained attention is the 1035 exchange from an annuity to long-term care insurance. This IRS-approved provision allows policyholders to transfer funds from an existing annuity directly into… read more…
- What Is the Functional Assessment for Long-Term Care Benefits?
Many seniors seek long-term care benefits from Medicaid because they don’t have a long-term care policy or the money to pay for care themselves. In order to qualify for benefits, Medicaid requires a functional assessment of a senior’s health and abilities to determine if you need care. So, what is the functional assessment for long-term… read more…
- Should I Buy Long-Term Care Insurance?
Long-term care insurance is designed to help cover the cost of nursing home care. This type of insurance can help to fill a financial gap that isn’t covered by Medicare, without requiring you to spend down assets to qualify for Medicaid. Before deciding if long-term care insurance is right for you, it’s important to understand… read more…
- Best Long-Term Care Insurance Providers of 2025
Long-term care (LTC) insurance is a smart way to get ready to face what can be a hefty cost later in life. Many people need some help taking care of themselves as they get older — especially these days, with… read more…
- Nationwide Long-Term Care Insurance Review
Long-term care insurance is designed to help Americans afford the healthcare services some need, whether that be near the end of their lives or years earlier than that. The exact details of your policy will depend on a number of factors, including what insurance company you use. One popular provider of long-term care insurance is… read more…
- AARP Long-Term Care Insurance Review
The services that fall under long-term care are wide-ranging. In fact, they may be needed for the young and old, as it’s simply for those who have disabilities or debilitating health conditions. Long-term care is different from other kinds of healthcare in that it can involve what’s known as custodial care. This includes personal aid… read more…
- Mutual of Omaha Long-Term Care Insurance Review
Between possibly declining health, changing family situations and the psychological stress of approaching your later years, getting older can be very difficult. It doesn’t get any easier when you add in the financial stress of having to pay for necessary long-term care. Long-term care is an umbrella term that covers a variety of personal care… read more…
- Genworth Long-Term Care Insurance Review
Long-term care, which generally includes services like home care, assisted living and skilled nursing, is something most people hope they never have to use. But if you do end up in a position where you need long-term care, you want to make sure you’re ready for it since it can get very expensive. Perhaps the… read more…
- New York Life Long-Term Care Insurance Review
Long-term care can cover a wide variety of services. The need for it can arise for anyone at any time, regardless of whether they have a disability or are a senior citizen. Long-term care goes beyond normal healthcare to encompass custodial care, which includes help with daily activities like bathing, cooking and getting dressed. In… read more…
- Northwestern Mutual Long-Term Care Insurance Review
Long-term care encompasses a variety of services that may be necessary for people who have disabilities or debilitating health conditions. The need for it can arise for anyone at any time. Long-term care is different from other kinds of healthcare in that it can involve assistance with aspects of what’s known as custodial care, which… read more…
- MassMutual Long-Term Care Insurance Review
Long-term care (LTC) insurance encompasses a variety of services that may be necessary for people who have disabilities or debilitating health conditions. The need for it can arise for anyone at any time. Long-term care is different from other kinds of healthcare or medical care in that it can involve assistance with aspects of what’s… read more…
- Bankers Life Long-Term Care Insurance Review
Long-term care encompasses a big umbrella of services that generally breaks into three buckets: home care, assisted living and skilled nursing. While long-term care isn’t the most fun conversation to have, planning early could be a huge help in the long run. In fact, doing so can help you avoid the exceptionally high costs associated… read more…
- How Much Does Long-Term Care Insurance Cost?
The cost of long-term care insurance is not cheap. A 55-year-old man in the United States on average can expect to pay a long-term care insurance premium of $2,075 per year, according to a 2024 price index survey of leading insurers conducted by the American Association for Long-Term Care Insurance (AALTCI). Meanwhile, a 55-year-old woman… read more…