How Much Long Term Care Insurance Do I Need?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    The cost of a nursing home is between $6000 and $7000 per month.  Assisted Living costs will run you between $3500 and $4500 per month.  Home Health Care is about $15 to $20 per hour.   Do you really want to have to use your assets and lose your legacy?  As you can see it can happen very quickly.  To help determine the amount of Long Term Care Insurance you need depends on a lot of factors.  It is best to sit down with a professional well versed in Long Term Care and determine the amount that you need based on your individual situation.
    Answered on May 29, 2013
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