What Should Long Term Care Insurance Cost?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaThe cost of long term care insurance (LTCi) insurance depends on your gender, age, smoking status, health history and current medical condition. It also depends on additional riders you may select like an inflation rider. A 60 year old male non smoker purchasing full coverage with an inflation rider may pay around $300 a month for LTCi coverage.Answered on August 11, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.To see what the maximum is that the federal government will allow you to deduct for long term care premiums, see this website: http://www.aaltci.org/long-term-care-insurance/learning-center/tax-for-business.php/#individual. Each state has different average costs for long term care, so the premium in the less expensive states should not be this high, while the premium might be more if you live in a high cost area.Answered on September 2, 2013flag this answer
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