Long-Term Care Calculator

This calculator helps you estimate long-term care insurance costs based on your age, type of care needed, care duration, and geographic location.

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Long-Term Care Costs by Location

Sample Calculations

Example 1: 55-Year-Old with Home Health Care
Age: 55, Benefit: $250/day, Duration: 3 years, Elimination: 90 days, Inflation: 3%
Estimated Annual Premium: $1,800 - $2,500
Example 2: 65-Year-Old with Nursing Home Coverage
Age: 65, Benefit: $350/day, Duration: 5 years, Elimination: 60 days, Inflation: 5%
Estimated Annual Premium: $4,500 - $6,000
Example 3: High-Cost Area - Memory Care
Age: 60, Benefit: $400/day, Duration: 4 years, Location: CA/NY, Inflation: 3%
Estimated Annual Premium: $3,500 - $4,500

Calculation Methodology & Sources

Data Source: Genworth Cost of Care Survey, National Care Planning Council
Last Updated: January 2026
Reference: View Sources

The long-term care premium calculation follows industry standards:

  • Base rate per $100 of daily benefit
  • Age multiplier: 55 (1.0x), 60 (1.5x), 65 (2.5x), 70 (4.0x)
  • Duration multiplier: 2 years (0.8x), 3 years (1.0x), 5 years (1.3x)
  • Elimination discount: 30 days (1.0x), 90 days (0.85x), 180 days (0.75x)
  • Inflation protection: None (1.0x), 3% compound (1.3x), 5% compound (1.6x)
  • Genworth Financial - Cost of Care Survey
  • National Care Planning Council - LTC resources
  • American Association for Long-Term Care Insurance - Premium data
  • Insurance Information Institute (III) - LTC insurance guides

    • Frequently Asked Questions

    Long-term care insurance covers the costs of extended care services that are not typically covered by health insurance or Medicare, including nursing home care, assisted living, and home health care.
    The ideal time to purchase LTC insurance is between ages 50-65, when premiums are still affordable and you're likely still in good health. Premiums increase significantly with age.
    LTC insurance typically covers nursing home care, assisted living, home health care, adult day care, and sometimes hospice care. Coverage details vary by policy.
    The average cost of a private room in a nursing home is over $100,000 per year nationally. Home health care averages around $5,000-$6,000 per month. Costs vary significantly by location.