Long-Term Care: A Guide to Planning Ahead

The costs of Long-Term Care (LTC) can be more than financial. Stress on family caregivers, the uncertainty of receiving your preferred care setting, and the frustration of wading through Medicare and/or Medicaid requirements – can all be alleviated through proper longevity planning.


Protection
Protection

      • Preserve assets
      • Protect yourself
      • Choose a care setting
      • Protect your family
      • Maintain independence
 
Best Health

Best Health
      • Expect more options while healthy
      • Receive rates that are based on age and health
 
Youngest Age

Youngest Age
      • Take advantage of compounding benefits on inflation
 
Safegaurd Risk

Safegaurd Risk
      • A 70% chance of needing care1

What does LTC Insurance Cover? 

Activities of Daily Living (ADL) Comprehensive Plans
Help with bathing Home health care
Eating Assisted-living facility care
Dressing Nursing home care
Toileting
Continence
Transferring

Annual approximate costs:

Private room: $108,408
Semi-private room: $94,896
Assisted living: $54,000
Adult day health care: $20,280
Home health aide: $61,776

Medicaid limits:

Single person: $2,000 maximum assets (depending on resident state).
Married couple: Half of all combined assets up to a maximum of $154,140.3

Benefits:

$14.1 billion: LTC Insurance benefits paid annually.4

Important LTC Stats

Will you need it?4
7 out of 10 Americans will need some type of LTC during their lifetime
Average length LTC: 3 years
Women: 3.7 years
Men: 2.2 years

Who will care for you?5
43.5 million Americans provided unpaid care for an adult 50+ in the past year.
60% of family caregivers still hold a full-or part-time job.
89% of caregivers are related to the care recipient.
 
Not insured by FDIC disclosure for IMG pages.
1. U.S. Department of Health and Human Services
3. Medicaid.gov 2024
4. American Association for Long-Term Care Insurance 2023
5. AgingCare.com “Family Caregivers Beat the Burden of High Elder Care Costs