Long Term Care Insurance
Get free affordable long term care insurance quotes to protect you, your spouse and family members now.
Long Term Care Insurance Quotes
Long Term Care Insurance is something you may need if you can no longer perform everyday tasks by yourself. For example, there may come a time when you need help getting dressed, eating or bathing. It also includes the kind of care you would need if you had a severe cognitive impairment like Alzheimer’s disease. You can receive this care in a variety of settings, including your home, an assisted living facility or a nursing home.
If you, your spouse or family member were to need long term care, the cost could deplete more than your own hard-earned assets. Without long term care insurance, the financial burden of caring for you could fall on your family.
What Long Term Care Insurance Is Not
Long term care insurance isn’t the type of care that you receive in the hospital or your doctor’s office. It isn’t the medical care you need to get well from a sickness or an injury. It isn’t short-term rehabilitation from an accident or recuperation from surgery.
Long term care insurance is not always administered in a nursing home. In fact, more than 80% of all people receiving long term care assistance are not in nursing homes.
You may think that long term care services are covered by your health plan or disability insurance. That’s usually not the case. Health insurance is designed to cover medical care for illnesses or injuries, such as cancer, a broken arm, or a stroke. For example, it will pay the hospital bills you incur for a stroke. It won’t pay for long term assistance with activities of daily living, such as dressing or using the bathroom.
As for disability insurance, it is designed to replace the income you lose if you’re unable to work, due to accident or injury. Disability benefits will help you pay your mortgage or your normal household expenses. Disability insuranceprovides no additional benefits for long term care.
Who Needs Long Term Care Insurance?
People of any age can develop serious conditions that require assistance with routine daily activities for an extended period of time and such help could be very costly. Long term health care insurance can help cover the cost of this care and protect your assets.
The odds are that you will need long term care at some point in your life, and you may need it sooner than you think. About 40% of people needing long term care are adults ages 18-64. They may have had an accident, a stroke, be diagnosed with multiple sclerosis, etc. While we hope you never need it, everyone should have a plan for meeting their long term health care needs. Many will do so through long term care insurance.
Things To Think About
What is your life expectancy? What financial assets are available to you? How healthy were your parents, and if not still living, at what age did they die? What is your budget for insurance costs?
A Word About Shopping For Long-Term Care Insurance
Long-term care insurance is medically underwritten, so the application will ask detailed questions about your current health and family health history, and some carriers may require a phone interview or medical records review. The younger and healthier you are when you apply, the more options you’ll typically qualify for. Once you choose a carrier, you’ll complete that application on their site.
A few things to know first:
- Privacy: To get you accurate long-term care insurance quotes, we securely share the information you provide with our carrier partners. They use this information to assess risk and provide real quotes you can compare. We never share your information for unrelated offers or spam. See our Privacy Policy for details.
- What to expect: After you compare long-term care quotes on this site, choose the one that works best for you, and complete the initial application, expect the carrier to follow up by phone or email to address any questions they may have, gather any additional details they need, and finalize your application.
Frequently Asked Questions (FAQs)
Get clear answers to common insurance questions and important details to guide your coverage decisions.
What is long-term care insurance and who needs it?
Long-term care insurance helps pay for care when you’re unable to perform daily activities like bathing or dressing, or when you need supervision for cognitive issues. It’s often needed later in life or after a major health event.
What types of long-term care services are covered?
Covered services may include in-home care, assisted living, adult day care, skilled nursing, and memory care facilities, particularly when tied to assistance with Activities of Daily Living (ADLs) or cognitive impairment.
How much does long-term care cost and when should I buy coverage?
The cost depends on your age, health, benefit levels, and whether inflation protection is included. It’s typically more affordable to buy in your 50s or early 60s while you’re still healthy.
When do benefits begin in a policy and what are the “triggers”?
Benefits usually begin after a waiting or elimination period (often 30–90 days) and when you’re unable to perform at least two ADLs or diagnosed with severe cognitive impairment.
How do rate increases, premium guarantees and renewability work?
Most policies are guaranteed renewable, meaning you can’t be dropped if your health changes. However, premiums may increase over time with regulatory approval.
Can I rely on Medicare or Medicaid instead of buying long-term care insurance?
Medicare provides only short-term skilled nursing care and does not cover extended assistance with daily living. Medicaid may help, but only after meeting strict income and asset limits.
What happens if I have a pre-existing condition or wait too long to apply?
Waiting too long or having pre-existing health conditions can make you ineligible or result in higher premiums. Applying when you’re healthier provides better access and pricing.
What should I look for when comparing long-term care insurance plans via EINSURANCE?
Compare benefit amounts, daily/monthly limits, elimination periods, inflation protection, coverage settings (home, facility), company stability, and claims history through EINSURANCE’s partner insurers.
Are there tax benefits or ways to pay for long-term care insurance?
Yes. In many cases, LTC insurance premiums are tax-deductible, and benefits are usually received tax-free, depending on the policy type and IRS guidelines.
How do I make a claim when I need long-term care?
To file a claim, you typically need a doctor’s assessment, proof of inability to perform ADLs or cognitive decline, and documentation from care providers. Insurers may send their own nurse for evaluation.
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