Long Term Care

Print Friendly, PDF & Email

Long-Term Care Insurance

Long-term care insurance is an important area of concern for the maturing physician and spouse.  The high cost of long-term care and the extended life expectancy make this an important element of financial and estate planning.


Do you know?  The chances of having long-term care needs are:

  • 70% of us will need some type of care
  • 7 years average care for a female
  • 2 years average care for a male
  • 20% will need care for more than 5 years


Do you know?  The average costs of long-term care in Pennsylvania are:

Homemaker Services                     hourly rate          $      21*                                =             $ 51,480


Home Health Aide Services          hourly rate          $      21*                                =             $ 52,624


Nursing Home semi-private         up to                     $     281* a day                  =             $105,850


Nursing Home private                    up to                     $     324* a day                  =             $117,045


*Figures taken from Genworth Cost of Care


Unfortunately the same reasons for our needing long-term care have seriously affected the market.  Premiums have gone up and some have increased as much as 90%. Any new coverage is much higher and more restrictive.


Fortunately the insurance industry has responded to this issue with a hybrid Life and Long-Term Care plan that is a good option for many.  Please go to Life & LTC Combo for more information on this option.


If you are thinking about this type of insurance we urge you to contact us.



Easy to Apply

  • Contact us to help design the correct plan for you.
  • We will assist you in completing the application.
  • Typically, no exam is required.

Please complete the form below and we will contact you with additional information.

Please complete the form below and we will contact you with additional information.

Contact Form
* indicates required field