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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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TABLE OF CONTENTS

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We Compare Top-Rated LTC Insurance Companies

Long-Term Care in Florida

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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

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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

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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 Health Aide
(44 Hours/week)
Florida Average $124,357 $58,599 $64,417
Click for Florida LTC costs by region
Region Nursing Home Assisted Living Facility Home Health Aide
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 External link icon. 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 if you wait.
  • Buying earlier, such as in your forties, can also be effective. Premiums are likely to be even lower and you’d lock in coverage and your good health. However, you’d be paying for a longer period before needing it.
  • Waiting until your late sixties might be sensible in certain situations. This can work if you’re healthy and have cash saved up. But premiums are much higher. Additionally, health problems may arise by then, potentially causing you to miss out on discounts or the opportunity to obtain coverage. Furthermore, if you become ill before purchasing, you would be responsible for all long-term care costs.

One of our licensed long-term care professionals can assess your health concerns and provide you with quote comparisons.

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Types of Long-Term Care Insurance in Florida

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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 for tax-qualified long-term care insurance policies may qualify as medical expenses for tax deductions (subject to income thresholds), and benefits received are generally tax-free.
  • Compare Florida Traditional LTC Plans >
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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 >
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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 External link icon. 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 become eligible for Medicaid. Learn more about the Florida Long-Term Care Partnership Program.

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

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:

  1. Benefit Period: Determine the duration of benefits that fits with your needs and budget.
  2. Daily Benefit: Select a daily benefit amount based on your preferences and the cost of care in your area.
  3. Elimination Period: A deductible but measured in days, the elimination period lets you choose how soon your coverage begins.
  4. 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

What disqualifies me from obtaining 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 >

What is the average cost of long-term care insurance in Florida?

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 nursing home care.
Monthly cost for this policy ranges from $93 to $158.

  • $93/month: Level benefits with no inflation protection.
  • $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 >
What is the best long-term care insurance in Florida?

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 >

Who sells long-term care insurance in Florida?

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

See additional insurance companies we represent > 

What Our Customers Say

 

 

Written by Craig Matesky, ACACIA Insurance President
Edited by Mike Berger, National Sales Manager

SOURCES:

1. “How Much Care Will You Need?” LongTermCare.gov External link icon., U.S. Department of Health and Human Services, site accessed 4/09/2025
2. “How Much Care Will You Need?” LongTermCare.gov
3. Nationwide Financial 2025 cost of care survey External link icon. conducted by HVS, site accessed 4/09/2025 
4. “Who Will Provide Your Care?” LongTermCare.gov
5. Family Caregiver Alliance Caregiver.org External link icon., site accessed 4/09/2025
Note: Coverages and other features vary between insurers, vary by state, and are not available in all states.