How Much Long Term Care Insurance is Enough?
When it comes to insurance, there isn't a one-size-fits-all approach. That's especially true for long-term care insurance.
When thinking about a long-term care insurance policy, it's important to consider the following:
Protecting Your Assets
Long-term care insurance should be one part of your overall retirement planning. Because needs, resources, and personal situations differ, it's important to talk through your situation with a trusted advisor.
Current Long Term Care Costs
Whether you plan to move to a warmer climate or closer to loved ones, the cost of care varies by state and by region. Where you retire is an important factor in deciding how much coverage you may need.
Here are the national median costs for long-term care in the United States, from the 2025 Cost of Care Survey:*
- $315 a day, or $9,581 per month, for a semi-private room in a nursing home
- $355 a day, or $10,798 per month, for a private room in a nursing home
- $6,200 per month for an assisted living community
- $35 an hour for a non-medical in-home caregiver (home health aide or homemaker services)
Remember, the cost of long-term care depends on the type and length of care you need, the provider you use, and where you live.
How Much Care Will You Need?
The length and level of long-term care vary from person to person and often change over time. Here are some statistics (all on average) to consider:**
- Someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and supports in their remaining years.
- Women need care longer (3.7 years) than men (2.2 years).
- One-third of today’s 65-year-olds may never need long-term care support, but 20 percent will need it for longer than 5 years.
There's a lot to think about when you're considering long-term care insurance. If you have questions, give us a call and we'll walk through your options together.
By contacting the phone number on this website you will be directed to a licensed insurance agent. Not affiliated with or endorsed by the Government or Federal Medicare Program.
*CareScout (Genworth) Cost of Care Survey, conducted July–November 2025. National median values.
**U.S. Department of Health and Human Services, Administration for Community Living, "How Much Care Will You Need?" (acl.gov/ltc).