Start planning for Long Term Care

About 70% of Americans over the age of 65 will need long-term care services during their lifetime. By 2020, this number is expected to exceed 12 million.

Long Term Care Insurance | National Educational Services

Your dream retirement won’t come true without a plan for long term care.

Are you ready for long term care?

Long Term Care costs are not covered by traditional health insurance, disability insurance, social security, or Medicare. Long Term Care insurance makes sure you’re covered for the high costs of future care.

What is Long Term Care Insurance?

Long-term care insurance helps pay for the often astronomical costs of long-term care for people with chronic disabilities. It includes custodial care — assistance with daily living activities like eating, showering, and getting dressed — in either a nursing home, assisted living facility, or in the patient’s own home.

With most people living longer now, the demand for long-term care insurance will likely become more apparent. For example, government statistics indicate that 70 percent of Americans aged 65+ will eventually need some long-term care.

Today, the average cost for a year in a nursing home is a staggering $89,292 for a semi-private room and $100,380 for a private room. 

Home health care costs are also exceptionally high — home health care services provided just three days a week can cost around $20,000 a year.

Long-term care is not usually covered by regular medical insurance. 

For instance, these do not provide long-term-care coverage:

  • Employee Group Health and Medical Plans provide minimal long-term care coverage.
  • Medicare provides limited nursing home and home health care coverage. Learn more at
  • Medigap fills in the gaps left by Medicare and does not extend coverage for long-term care beyond Medicare limits. Learn more at
  • And Medicaid requires individuals to spend almost all of their savings and assets before becoming eligible for nursing home coverage. Learn more at

In some cases, the premiums for long-term care insurance may be deductible for income tax purposes, which is an added benefit.

Long-term care insurance is a somewhat new form of insurance coverage. Resulting in policies varying considerably in cost and benefits. This can make it difficult to compare policies and ultimately make an informed choice; therefore, consider consulting with a professional at National Educational Services to help you sort through the options.


Long-term care insurance may be a solution for you if:

    • You are concerned about protecting your assets and maintaining your financial independence.
    • You do not want to depend on your family to care for you, and you need to enter a nursing home or assisted living facility.
    • You want to try to stay in your home should you require long-term care.
    • You can afford the premiums for long-term care insurance.
    • You meet policy restrictions, such as pre-existing medical conditions exclusions and waiting periods.

Important Long Term Care Insurance Features, Coverage, and Rates

Here are a few Long-Term Care insurance policy features to consider:

  • Guaranteed Renewable ensures that you will be able to continue your coverage without undergoing additional medical exams.
  • Flexible Benefit Triggers cause the insurance company to start paying benefits. Your policy benefits should only be triggered if you need assistance to perform at least two of the activities of daily living (ADL), which include bathing, dressing, eating, using the toilet, continence, transferring (for example, moving from a chair to a bed) and taking medication. Another trigger should be “cognitive impairment,” which means coverage applies if you are mentally impaired, even if you are physically able to care for yourself.
  • Home Health Care Coverage ensures your policy pays benefits for care at home and in a nursing home or assisted living facility. Policies that only settle for institutional care may force you to be institutionalized to receive benefits.
  • Broad Classification of Nursing Home Care is provided for any nursing home — skilled, intermediate care, respite, or custodial care.
  • Inflation Rider will increase your daily benefit to keep pace with inflation. This feature protects you against the rising cost of long-term care but can be costly.
  • Company Rating ensures the insurance company is highly rated. It is stable and financially healthy to pay your benefits when you need them most.

Coverage levels: Daily benefits of a long-term care insurance policy typically range between $30 to $200. How much you need depends on nursing homes and home health care costs in your area and how much you can devote from other sources, like your savings and investments.

Rates: Policy rates are generally affected by several factors, including your age, benefit amount, waiting period until the first benefit payment, and other policy features.

Get a Long term Care quote

945+ Reviews

Each person has a unique reason for wanting to acquire Long Term Care coverage. In order to find the policy that best fits your needs, first, determine why you would like a policy to begin with. Some people would like the peace of mind that the maximum amount of Long Term Care coverage provides, while others are looking for coverage that won’t require too high of a budget. In either case, age, income, asset base, and tolerance for financial risk will need to be considered in order to determine what will work best for you. Our highly knowledgeable Long Term Care professionals will be able to provide technical advice and recommendations based on your needs.

Absolutely. If you’re looking to expand your coverage, you will need to be approved again which will require another process of medical underwriting. Once this is completed, your new information will be used to determine your updated premium. If you choose to reduce your benefits, you will not need to undergo medical underwriting again.

When calculating a premium many factors are considered. These include your age and health at the time of application, and your benefit choices. Benefit choices include how much your benefit amount is, your benefit period, and your elimination period. Medical underwriting is the process in which your application is examined, then your premium is determined.

Yes! Any policies that are tax-qualified do have some tax advantages. If you itemize and your total expenses are over 7.5% of your adjusted gross income. In addition, benefit payments are insusceptible to federal taxation and even state taxation in some states. Finally, if your employer provides contributions for LTC premiums they may be 100% tax deductible.

Financial planning has been crucial for you to achieve this goal. Since Long Term Care can be extremely expensive (between $60,000 and $100,000 every year) using some of the interests acquired from your assets for Long Term Care coverage could be a great way to continue planning for your future! The price of Long Term Care continues to rise but National Educational Services is here to help you find the policy that fits your needs.

Need any help?

Since 1982, National Educational Services has been servicing the financial needs of educational employees.