Link Details

Long-Term Care Insurance Premiums – how much does it cost?

According to the American Association of Long-Term Care Insurance, the average cost of long-term care insurance premium was $2,600 per year in 2022 for a 60-year old couple, and $165,000 of benefit. Policies that included an annual medical inflation factor (maximum 5%) cost up to $8,750 per year. For a 60-year old female, the 2022 cost was $1,900 per year (or up to $6,600 depending on annual inflation added). See 2022 Long-Term Care Insurance Information. Consumers should check current prices with their insurance broker, as prices may have increased. You might be surprised to learn that most people who purchased long-term care insurance in 2021 were under the age of 55. About 1/3 were between ages 55 and 64. Just 11% had their policies issued at age 65 or older. The reason for the shift to younger age groups had to do with tax changes made in Washington state.

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Start typing and press Enter to search

Consumer Health Ratings