LTC Cost Estimator
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$0.00
Total Estimated Cost (with inflation)
Future Daily Cost$0
Monthly Cost at Care Start$0
Total Cost (today's dollars)$0
Years Until Care Needed0
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How to Use the LTC Cost Calculator
Enter your current age and the age you expect to begin needing care. Select the type of care — the calculator automatically fills in a typical daily cost based on national averages, or choose "Custom" to enter your own amount. Set the annual inflation rate and years of care expected.
Long-Term Care Cost Formula
Future Daily Cost = Current Daily Cost × (1 + Inflation)Years Until Care
Where Years Until Care = Care Start Age − Current Age. The total estimated cost is the sum of all annual costs over the full care period, each inflated to its future value.
Frequently Asked Questions
Original Medicare does not cover long-term custodial care. It only covers short-term skilled nursing care (up to 100 days) after a qualifying hospital stay. Medicaid may cover long-term care, but only after you have spent down most of your assets.
A private nursing home room averages about $300 per day ($9,000+ per month). Assisted living averages around $150 per day. Home health aide services average about $200 per day for 8 hours of daily care.
The ideal time to purchase long-term care insurance is typically between ages 55 and 65. Premiums are lower when you are younger and healthier, and you are more likely to qualify medically.
About 70% of people turning age 65 will need some form of long-term care. The average duration is approximately 3 years, but about 20% will need care for more than 5 years.