Long-Term Care Insurance Calculator

Cost Projection

Current Age

Expected Care Start Age

Current Daily Nursing Home Cost ($)

Expected Years of Care Needed

Healthcare Inflation Rate (%)

Premium Estimate

Daily Benefit Amount ($)

Benefit Period (years)

Inflation Protection? (0=No, 1=3%, 2=5%)

Elimination Period (days)

Applicant Age

Formula

Future Cost = Daily Cost × (1 + inflation)^years × 365 × Care Duration

Frequently Asked Questions

When should I buy long-term care insurance?

Most experts recommend purchasing LTC insurance in your mid-50s to early 60s. Buying too early means paying premiums longer; buying too late means higher premiums or potential denial due to health issues.

What does long-term care insurance cover?

LTC insurance covers assistance with activities of daily living (bathing, dressing, eating) in settings like nursing homes, assisted living facilities, and in-home care. It typically does not cover standard medical expenses.

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