Expected Cost of a Long Term Care Insurance Policy

Long Term Care does not have a fixed rate, and many factors might contribute to the cost. The amount of money you might pay can change depending on what state you’re in, the facility you choose and the degree of attention.

Nursing homes, though generally charging you for a month at a time, calculate their cost by how much money is required per day. A Long Term Care Insurance Policy might refer to “daily benefits,” since it also determines the amount of money you will receive in terms of daily cost. A nursing home can charge anywhere from $100 to $300 a day. The nature and quality of the facility will also vary. Home care will also be calculate daily, but generally do not cost as much as a nursing home or other facility.