Long Term Care Insurance Los Angeles County Rates and Quotes
Long Term Care Insurance in Los Angeles County
Our long term care insurance Los Angeles County quotes and comparisons will help with your long term care planning. Many people think that long term care planning is just a decision to buy long term care insurance, but it is much more. Long term care planning is a discussion about how you will fund this potential expense. As well as where you will receive long term care and who will provide that care. Protecting assets against the high cost of long term care is a primary goal of long term care planning. Thus it’s important to know the cost of home health care, assisted living facilities and home care in Los Angeles County. This will tell you how much long term care insurance protection you need.
For starters, consider how the densely populated Los Angeles metropolitan area increases demand and long term care costs. Los Angeles County now has over 10 million residents. This number makes up over 25% of the residents of the entire State of California. Consider that over 23% of Los Angeles County households include someone older than age 65. The City of Los Angeles is the most populous city in the State of California with more than 3.5 million residents. In the City of Los Angeles 21% of all households have one or more persons over age 65.
Who Needs Long Term Care?
According to government statistics, 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.
Los Angeles County Cost of Long Term Care Services
One of the most comprehensive studies on the cost of long term care is conducted annually by Genworth Financial. The Genworth Financial 2018 Cost of Care Survey encompasses long term care costs nationally and surveyed over 15,000 long term care providers in 440 regions.
Long Term Care Costs Los Angeles County – 2018 (annual)
|Nursing Home (private room)||Nursing Home
|Home Health Aide (44 hours/week)|
Request LTC Insurance Quotes and Comparisons
ACACIA Insurance Services is a Southern California based insurance agency. We have focused on Long Term Care planning solutions since 1990. We’ll give you professional, unbiased advice so you can choose the best company and benefits for your needs. We shop all major long term care insurance companies in California and give you:
- Price comparisons customized for your specific needs from top carriers such as Genworth Financial, John Hancock, Transamerica, Mutual of Omaha, MassMutual and other top rated insurance providers.
- Benefit comparisons of each LTC company’s insurance policy. This side-by-side comparison will cover both the similarities and differences of each plan.
- Financial stability reviews of each long term care insurance company’s financial ratings, asset base and claims paying experience.