Florida Long-Term Care Insurance
Is It Right for You? Understanding the Pros and Cons
For over 30 years, ACACIA Insurance has specialized in long-term care planning. We are independent advisors, representing numerous highly rated insurance companies and plan types.
We work with your best interests in mind, assessing policy features and benefits to provide you with the top choices for your consideration.
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Long-Term Care in Florida
Almost 70% of people turning age 65 today will need some type of long-term care in the future. The average length of time people need care is 3 years.1
One-third of people may never need long-term care, but 20% will need it longer than 5 years. On average women need 3.7 years of care while men need 2.2 years.2
In 2025, the average cost for 3 years of long-term care in Florida is $373,071 ($124,357/year). The cost is projected to be $741,633 by 2044 ($272,481/year).3
Florida Long-Term Care Costs
Long-Term Care Rates in Florida 2025 | |||
| Nursing Home (private room) | Assisted Living (private room) | Home Care (44 Hours/week) | |
| Florida Average | $124,357 | $58,599 | $64,417 |
| Region | Nursing Home | Assisted Living Facility | Home Health Care |
| Cape Coral / Fort Myers | $125,532 | $71,346 | $70,275 |
| Crestview Area | $120,455 | $53,091 | $49,644 |
| Deltona / Daytona Beach | $126,942 | $59,205 | $72,868 |
| Gainesville | $123,792 | $69,191 | $63,716 |
| Homosassa Springs | $131,375 | $68,410 | $52,370 |
| Jacksonville | $130,142 | $74,527 | $62,269 |
| Lakeland /Winter Haven | $118,922 | $55,846 | $62,360 |
| Miami Area | $126,195 | $65,831 | $60,985 |
| Naples / Marco Island | $137,740 | $72,112 | $71,671 |
| North Port / Sarasota | $134,826 | $67,892 | $74,442 |
| Ocala | $120,801 | $51,249 | $69,489 |
| Orlando / Kissimmee | $117,219 | $51,251 | $71,390 |
| Palm Bay / Melbourne | $130,643 | $58,104 | $59,699 |
| Panama City | $131,219 | $71,512 | $70,207 |
| Pensacola / Ferry Pass | $134,004 | $51,437 | $57,040 |
| Port St. Lucie | $117,496 | $69,442 | $62,977 |
| Punta Gorda | $132,055 | $49,571 | $71,607 |
| Sebastian / Vero Beach | $117,348 | $63,080 | $66,567 |
| Sebring | $101,791 | $53,055 | $63,850 |
| Tallahassee | $121,529 | $74,665 | $60,623 |
| Tampa / St Petersburg | $128,432 | $53,522 | $65,145 |
| Wildwood / The Villages | $125,654 | $63,764 | $65,197 |
Source: Annual rates from the Nationwide Financial annual cost of care survey conducted by HVS, site accessed 5/09/2025
About Medicare and Long-Term Care
Medicare 
provides very limited long-term care coverage. Primarily up to 100 days of skilled nursing care following a 3-day hospital stay. It does not cover custodial care (help with daily activities) which represents over 90% of long-term care needs. Learn more about Medicare and custodial care.
When To Buy Long-Term Care Insurance
When’s the best age to get long-term care insurance? It depends on your situation, but here are some key factors to consider:
- Experts suggest buying in your fifties or early sixties. Because, long-term care insurance premiums cost less then and you’re usually healthier at that age. You’ll pay for more years, but the total cost might still be lower than waiting.
- Buying earlier, like in your forties, can work too. Premiums are likely to be even lower and you’d lock in coverage and your good health. But you’d pay for a longer period before needing it.
- Waiting until your late sixties might make sense. This can work if you’re healthy and have cash saved up. But premiums are much higher. Plus, there may be health problems by then and you could miss out on discounts or the ability to get coverage. And if you get sick before buying, you’d be on the hook for all long-term care costs.
One of our licensed long-term care professionals can pre-qualify any health concerns and provide you with quote comparisons.
Check Elibibility Now >Types of Long-Term Care Insurance in Florida
Traditional Long-Term Care Insurance
- What It Is: A policy specifically designed to cover comprehensive long-term care expenses, including in-home care, assisted living facilities, and nursing homes.
- Coverage Benefits: Provides the most extensive long-term care coverage per dollar spent with flexible daily or monthly benefit amounts for your selected benefit period.
- Premium Structure: Recurring payments (monthly, quarterly, or annually) starting at $150-$300/month for Florida residents in their 50s with good health. May experience rate adjustments over time.
- Health Requirements: Requires full medical underwriting with stricter health qualifications than other options. Your current health significantly impacts eligibility and costs.
- Tax Advantages for Florida Residents: Premiums may qualify as medical expenses for tax deductions (subject to income thresholds), and benefits received are generally tax-free.
- Compare Florida Traditional LTC Plans >
Life Insurance with Long-Term Care Rider (Hybrid Life + LTC)
- What It Is: A permanent life insurance policy with an added LTC benefit rider that allows you to access the death benefit early for qualified long-term care expenses.
- Coverage Benefits: Typically provides 2-4% of the death benefit monthly for long-term care with guaranteed cash value growth. Unused benefits pass to beneficiaries tax-free.
- Premium Structure: Guaranteed level premiums that NEVER increase. Higher initial cost than traditional LTC insurance but protected from future rate increases.
- Health Requirements: Moderate medical underwriting with more flexible health guidelines than traditional LTC insurance, making qualification easier for many Florida applicants.
- Tax Advantages for Florida Residents: Can utilize 1035 exchanges from appropriate existing policies without tax consequences and can be funded with qualified retirement accounts (IRAs, 401(k)s).
- Compare Florida Hybrid Life/LTC Plans >
Annuity with Long-Term Care Rider (LTC Annuity)
- What It Is: A fixed rate or indexed deferred annuity contract with an integrated long-term care benefit rider ideal for Florida seniors seeking asset protection with simplified approval.
- Coverage Benefits: Typically multiplies your annuity value by 2-3 times for long-term care expenses. For example, a $100,000 annuity might provide $200,000-$300,000 in LTC coverage. If not exhausted paying for long-term healthcare, the annuity will transfer to your estate at time of death.
- Premium Structure: Can be purchased with a single premium payment with NO future premium payments or rate increases. Best for Florida residents with existing assets to reposition.
- Health Requirements: Simplified underwriting with the most lenient health qualifications, often requiring only a phone interview rather than medical exams or records review.
- Tax Advantages for Florida Residents: Supports tax-free 1035 exchanges from existing annuities, and LTC benefits are generally received tax-free under current Florida and federal regulations.
- Compare Florida LTC Annuity Plans >
Florida Long-Term Care Partnership Program
The Florida Long-Term Care Partnership Program 
combines private long-term care insurance with Florida Medicaid 
, providing financial protection for future long-term care needs. The main benefit of a Partnership policy is asset protection. For every dollar your insurance pays out, you can keep an extra dollar in assets if you later apply for Medicaid.
This program encourages early planning for long-term care expenses, potentially safeguarding significant portions of your savings. Partnership policies generally cost the same as standard long-term care policies but offer the added advantage of asset protection.
However, Partnership policies may not suit everyone. They typically require careful adherence to state-specific guidelines and coverage limits. Additionally, while asset protection is valuable, some individuals prefer hybrid policies which are not offered under the Florida Long-Term Care Partnership Program 
. Hybrid LTC policies are popular alternatives that combine long-term care benefits with life insurance or annuities.
Florida LTC Partnership Reciprocity
The State of Florida offers reciprocity for Long-Term Care Partnership policies purchased in other states. This means if you relocate to Florida, your policy’s asset protection features remain intact, ensuring continuity of your benefits and preserving the asset protection you’ve earned, even after moving.
Long-Term Care Insurance Companies in Florida
As independent advisors specializing in Florida’s long-term care market, we carefully assess all available providers to match you with the best policy for your unique needs and budget.
Our analysis focuses on finding you the best balance between affordable premiums, comprehensive benefits, and strong financial ratings.
List of Florida LTC Insurance Providers
- Bankers Life & Casualty
- Brighthouse Financial
- Global Atlantic
- LifeSecure Insurance Company
- Lincoln Financial Group (Lincoln MoneyGuard)
- Mutual of Omaha
- National Guardian Life (NGL)
- Nationwide Life Insurance Company
- New York Life
- Northwestern Mutual
- Securian Financial
- State Farm
- State Life Insurance Company (OneAmerica)
- Thrivent Financial
Average Cost of Long-Term Care Insurance in Florida
How much does LTC insurance cost in Florida?
The cost of long-term care insurance in Florida depends on several factors. These include your age, health history, plan design, and the type of plan you choose. The following features allow you to customize your coverage for your situation:
- Benefit Period: Determine the duration of benefits that fits with your needs and budget.
- Daily Benefit: Select a daily benefit amount based on your preferences and the cost of care in your area.
- Elimination Period: A deductible but measured in days, the elimination period lets you choose how soon your coverage begins.
- Inflation Protection: This option safeguards your coverage against the impact of inflation over time.
Here is a sample of long-term care insurance costs in Florida. These are average monthly costs by purchase age for $144,000 in level benefits, without annual inflation growth. Rates are for preferred health which has the lowest cost.
Cost of Long-Term Care Insurance in Florida (monthly) | |||
| Age 55 | Age 60 | Age 65 | |
| Male | $77 | $93 | $139 |
| Female | $111 | $139 | $210 |
| Couple | $151 | $185 | $279 |
For the same applicants purchasing a policy with 3% annual inflation growth protection, the average monthly costs are:
| Age 55 | Age 60 | Age 65 | |
| Male | $139 | $158 | $205 |
| Female | $232 | $266 | $347 |
| Couple | $296 | $339 | $442 |
Florida Long-Term Care Insurance Quotes
Get quotes and expert guidance from our Florida based long-term care insurance specialists to find the best policy for your needs. We offer:
✔ Clear comparisons of multiple long-term care insurance options and costs
✔ Personalized recommendations tailored to your goals and budget
✔ Assistance navigating health requirements for coverage
Get complimentary Florida quotes today!
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FAQs about Long-Term Care Insurance in Florida
In Florida, you may be denied long-term care insurance if you have serious pre-existing medical conditions such as Alzheimer’s, Parkinson’s, dementia or other cognitive impairment. Another reason for denial would be if you currently need assistance to perform daily living activities such as walking, bathing or dressing.
However, those with other significant health conditions may still qualify. It’s best to consult with a professional who knows the underwriting criteria of several long-term care insurance companies. Find Out If You Qualify >
Long-term care insurance rates in Florida depend on your age, health history, type of plan selected, and the insurance company. Here are sample premiums for a 60-year-old man with preferred health:
Policy pays up to $144,000 for home health care, assisted living, or home health care.
Monthly cost for this policy ranges from $93 to $158.
- $93/month: Level benefits with no inflation protecction.
- $158/month: Includes 3% annual inflation protection, which means your benefits grow by 3% each year to keep up with rising care costs. Request Quote Comparisons >
The best long-term care insurance in Florida will be a plan that’s best aligned with your specific needs. Here are some key considerations:
- There are age and health restrictions for buying a long-term care insurance policy, so planning ahead is crucial. Some applicants cannot qualify for insurance at all, while others are limited to which company or type of coverage is available.
- Some LTC insurance policies are a good fit for older applicants while other types are best for younger people with excellent health.
- Some plans include guaranteed level premiums, offer limited pay options or even a single pay option.
Related Article: How to choose the best long-term care insurance >
Here is a list of long-term care insurance providers in Florida:
- Bankers Life & Casualty
- Brighthouse Financial
- Global Atlantic
- LifeSecure Insurance Company
- Lincoln Financial Group (Lincoln MoneyGuard)
- Mutual of Omaha
- National Guardian Life (NGL)
- Nationwide Life Insurance Company
- New York Life
- Northwestern Mutual
- Securian Financial
- State Farm
- State Life Insurance Company (OneAmerica)
- Thrivent Financial
What Our Customers Say
Written by Craig Matesky, ACACIA Insurance President
Edited by Mike Berger, National Sales Manager
SOURCES:
, U.S. Department of Health and Human Services, site accessed 4/09/2025
conducted by HVS, site accessed 4/09/2025 
, site accessed 4/09/2025