Long-Term Care Insurance
Long-term care (LTC) insurance pays for assistance when you can no longer independently perform daily activities — bathing, dressing, eating, mobility — due to aging, illness, or cognitive decline. These services are expensive: a full-time home health aide in California averages $50,000–$60,000 per …
Key Coverages for Long-Term Care Businesses
- Home health aide services in your own home
- Adult day health care programs
- Assisted living facility (residential care, board and care)
- Nursing home facility care
- Hospice and respite care
- Inflation protection: 3% or 5% compound annual benefit increase
Frequently Asked Questions
Does Medicare cover long-term care?
Medicare provides limited LTC benefits — up to 100 days of skilled nursing after a 3-day hospital stay, with significant cost-sharing after day 20. It does not cover custodial care (assistance with daily activities) in nursing homes, assisted living,…
When should I buy long-term care insurance?
Between ages 50–60 is optimal. At 55, premiums are roughly half what they'd be at 65, and you're more likely to qualify medically. A common health event — heart attack, diabetes, cancer — can make you uninsurable. Waiting causes both higher premiums …