Insights

How Much Does Long-Term Care Cost in 2024?

Erica Kahn
Erica Kahn1 Jan 2024
Long-Term Care Insurance
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When to Buy Long-Term Care Insurance 
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What are Common Long-Term Care Options?
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Statistics about Long-Term Care
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Cost of Long-Term Care 
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Long-Term Care Insurance Frequently Asked Questions (FAQs) 
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Bottom Line
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The cost of long-term care insurance (LTCI) ranges from $950 to $7,225 for one person, depending on your age and current health status. Finding the sweet spot of when to buy LTCI can be difficult as you don’t want to pay premiums longer than necessary and you don’t want to wait too long as premiums increase with age. 

Long-term care (LTC) refers to non-medical help and care and is not covered by Medicare or typical private insurance plans. The duration and type of care you may need are impossible to predict which is why an LTC insurance policy is important for your peace of mind. 

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Erica Kahn

Erica graduated from Emory University in Atlanta with a BS in environmental science and a minor in English and is on track to graduate with her Master's in Public Health. She is passionate about health equity, women's health, and how the environment impacts public health.

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