What percentage of people need long-term care?

About 70% of Americans turning 65 today will need some form of long-term care. The average duration is 3 years; 20% need care for 5+ years.

Does Medicare cover long-term care?

Medicare covers skilled nursing only after a 3-day hospital stay and only for up to 100 days. It does not cover custodial care, the most common type needed.

At what age should I buy LTC insurance?

The optimal window is age 55-65. Premiums are significantly higher after 65, and coverage may be denied based on health. Hybrid life/LTC policies are increasingly popular alternatives.

Long-Term Care Cost Projection

Project future long-term care costs based on current rates, location, care type, and inflation. 2024 national median: $5,148/month assisted living, $9,733/month nursing home.

Use the full interactive calculator below, or

Related Calculators

Medicare Premium

Finance & Accounting

Life Insurance Needs

Finance & Accounting

Retirement Income Needs

Finance & Accounting

Long-Term Care Cost Projection

Related Calculators

Frequently Asked Questions

What percentage of people need long-term care?

Does Medicare cover long-term care?

At what age should I buy LTC insurance?