Long Term Care Insurance Houston Texas Costs and Companies
Houston Texas Long Term Care Planning
Populated metropolitan areas with aging demographics put strong demand on long term care services. Houston, Texas is no exception to this trend. With over 2.2 million residents, the City of Houston is the fourth largest city in the United States and the largest in Texas. Houston is also the seat of Harris County with more than 6 million people in the metropolitan area.
Another factor putting demand on the long term care system is our aging population. According to the U.S Census, there’s approximately 512,000 seniors age 60 and above living in Harris County. Between 2000 and 2010, Houston’s population of those age 65 and older grew to 193,050 from 164,064 — a 17.7 percent increase. This trend will continue as Baby Boomers make up almost 30 percent of Harris County’s total population.
Houston Long Term Care Costs
An important aspect of long term care insurance planning for Houston residents is knowing the current cost of long term care. And one must also plan for the future cost of care in the Houston area. Cost of care is very important because it’s a key indicator to how much long term care insurance to buy. The 2018 Genworth Financial Cost of Care Survey includes over 14,800 long term care providers in 440 regions across the country. This study is one of the largest of its kind and below we list the costs for various types of care in Houston.
Houston Texas Long Term Care Costs – 2018 (Annual)
|Nursing Home (private room)||Nursing Home (semi-private room)||Assisted Living (private room)||Home Health Aide (44 hours/week)|
The Risk of Needing Long Term Care Services
Studies show that about 70 percent of people over age 65 will need some type of long term care services during their lifetime. Yet, the need for long term care does not only impact seniors as 40 percent of people currently receiving long term care services are ages 18 to 64.
Get LTC Insurance Houston Texas Quotes
We represent several top-rated long term care insurance companies. This allows us to offer our clients the best solution for their personal situation. Our Long Term Care Specialists are experts in both plan design and carrier selection. Age, health history and available discounts are all factors with choosing the right carrier. Our agents have the experience to make the best long term care insurance recommendations for your individual or corporate needs. We give you professional, unbiased advice to help you choose the best company and benefits for your situation. We shop all the top carriers in Texas and give you:
- Price comparisons customized for your specific needs from top carriers such as Genworth Financial, Transamerica, Mutual of Omaha, MassMutual and others major insurance carriers.
- Benefit comparisons of each long term care insurance company’s policy. This side-by-side comparison will cover both the similarities and differences of each plan.
- Financial stability reviews of each company’s ratings, size and claims paying experience.