Using Our Long-Term Care Insurance Quote Calculator
Estimate the cost and policy premiums for long-term care
As you age, long-term care insurance can help you pay for the assistance you might need to perform common daily activities such as moving around, fixing meals, dressing or taking medications. Costs for long-term care and insurance premiums depend on your individual situation, including where you live. This long-term care insurance quote calculator can assist you in determining your long-term care insurance needs by helping you estimate the cost of various long-term care services and what you might pay for a long-term care insurance policy.
Projecting the cost of long-term care
Long-term care costs will depend largely on where you live, when you’ll need care, and how much costs will increase due to inflation. The long-term care insurance quote calculator gives projected estimates for the following types of care:
- Home health care
- Assisted living facility
- Nursing home
The calculator’s projections can vary widely depending on your situation. For example, if you’re seeking the annual cost in Ohio to have a home health aide for 44 hours a week, 52 weeks a year, based on an inflation rate of 3 percent, the estimated cost in 2040 will be more than $103,000 a year. For Florida, the estimated annual cost will be less than $95,000.
Estimating the cost of long-term care insurance
The long-term care insurance quote calculator also provides a rough estimate of what a basic policy might cost. Costs for long-term care insurance vary depending on your gender, age, ZIP code, marital status and whether your partner will want coverage, as well as the monthly benefit you want your policy to provide.
It’s helpful to understand the potential cost of long-term care, and about how much a policy would be to cover those costs. This calculator’s estimate is for a basic policy and doesn’t include any optional benefits and features a long-term care policy could include, such as inflation protection. To determine a plan that best fits your needs, you can work with a licensed insurance agent/producer, who can help you understand the cost and benefits of a policy that’s tailored to you.