Long-Term Care Insurance For Seniors Over 65

Long-term care insurance can provide financial protection against the costs associated with long-term medical and personal needs, such as nursing home stays or home health services.

The cost of long-term care increases significantly with age, so it’s best to purchase a policy before one gets to 65. 

This will help keep premiums more affordable while still providing coverage if needed later.

It’s also important to carefully review policies before making a decision; some plans may have restrictions on the types of facilities they cover or who qualify for benefits under certain circumstances.

Overall, long-term care insurance can provide peace of mind by ensuring that if something unexpected occurs in old age, adequate financial protection will be available.

Before committing to any particular plan, you must research what different companies offer and compare them side by side before making your final decisions. 

Can you get long-term care insurance at age 65?

While the majority of long-term care policies are taken out by individuals in their 40s or 50s, it is possible to get a policy at any age. So if you’re 65 years old or older and considering taking out a long-term care policy, here’s what you need to know.

Most insurers will offer coverage up until the age of 85; however, some companies may have different cutoff ages depending on your health status.

If you are in good health when applying for coverage at 65 years old, there may not be an issue getting approved. However, those with pre-existing medical conditions may find that they cannot purchase certain plans due to exclusions related to their condition(s).

It’s also important to note that premiums tend to increase significantly after reaching certain ages (usually around 70), so purchasing earlier rather than later can save money over time since rates don’t typically go down once set.

Furthermore, even if your application was denied due to your poor health, most states now have partnership programs that allow individuals who purchased qualified policies to receive Medicaid prior approval without first depleting all of their assets.

How much does long-term care insurance cost for a 65-year-old?

The cost of long-term care insurance varies depending on some factors, including age, health status, and coverage options chosen.

For a 65-year-old individual looking into purchasing long-term care insurance, the cost will vary based on their current health condition and the lifestyle choices they have made concerning preventative healthcare measures over their lifetime.

Usually, someone aged 65 can expect to pay anywhere from $1,000 to $4,500 per year for comprehensive coverage that includes homecare services and facility-based services like nursing homes or assisted living facilities.


Long-term care insurance for seniors over 65 is an important consideration in ensuring that they have the financial security to live out their old age comfortably.

While it can be expensive, it protects against unforeseen costs associated with long-term care. It also helps protect retirement savings from being exhausted by medical bills or other unexpected expenses. Whether or not a senior chooses to purchase long-term care insurance will depend on their circumstances and budget constraints.

Some employers offer group plans, which can help make premiums more affordable while providing valuable benefits like home healthcare services and nursing home stays.

Post Disclaimer

The information you'll find in this post is purely for informational purposes and should serve as a guideline only. It's provided by SeniorManifesto.com and we endeavor to keep the content up-to-date and accurate. However, no representations or warranties are made with regards to its completeness, accuracy, reliability, suitability or availability for any purpose.



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