Long-Term Care Insurance Guide
About 70% of Americans over 65 will need some form of long-term care. Medicare covers very little of it, and a nursing home can cost $100,000+ per year. Long-term care insurance helps protect your savings. This tool estimates your coverage need and shows approximate annual premium ranges so you can have an informed conversation with an insurance agent.
Total Policy Benefit Pool
Best age to buyLate 50s to early 60s — premiums are much lower and you're more likely to qualify medically.
Elimination periodA 90-day waiting period (you pay out-of-pocket) lowers premiums by 30–40%.
Hybrid policiesLife insurance with LTC riders — premiums don't increase and unused benefit passes to heirs.
Tax deductionPremiums may be deductible as medical expenses above 7.5% of AGI, up to age-based limits.