Worksheet
View our cost worksheet. Click to view a printable PDF version.
Long Term Care (LTC) Insurance
It’s normal for seniors to need more help as they age. When those needs go beyond what they can reasonably get living on their own, assisted living becomes an attractive option for long-term residential care. Paying for assisted living can be a challenge for seniors, which leads many to look for alternative ways to pay the monthly costs of board and care. Long-term care insurance can be part of the solution, but how much help is available depends on the state you’re in, the type of insurance you carry and the details of each individual policy.
Long-term care insurance is one way that seniors can pay for assisted living. Unlike private health insurance or Medicare, long-term care insurance plans often include coverage for services seniors might need when living independently becomes challenging. Most long-term care insurance policies cover at least some parts of assisted living. The best way to find out your coverage is to contact your agent and have them walk you through what you’ve paid for or are currently paying for.
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