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Definitions of Terms


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The Cost of Long Term Care

In 2004 the U.S. national average cost for long term care was $169 per day for a semi-private room or $61,685 annually ($192 per day for a private room/$70,080 annually). Long Term Care insurance helps cover the cost of long term care and its benefits are not just for the elderly. The average hourly rate for a Home Health Aide was $18. For a more accurate estimate of long term care in your area see "Nursing Home Costs by State As of March 2008".

Long Term Care Services may include: help with activities of daily living (or custodial care), home health care, respite care, hospice care, adult day care, care in a nursing home, and care in an assisted living facility.

Sample Long Term Care Policy Rates Currently Available

Male - Long Term Care
Monthly Rates
Age Company 1
50 $30.42
55 $36.83
65 $70.00
75 $111.42
Company 1:
 $130 per day
 70% home care
 90 day elimination period
 2 year benefit period
 No other riders