Oregon Long-Term Care Insurance
Compare Plans, Costs & Coverage Options
For more than 30 years, ACACIA Insurance has helped Oregon residents plan for their long-term care needs. As fully independent advisors, we compare highly rated insurance companies and policy types so you receive personalized and unbiased recommendations.
We review benefits, features, and pricing to help you choose the long-term care insurance plan that fits your goals and your budget.
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About Long-Term Care in Oregon
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 for 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 Oregon is $512,367 ($170,789/year). That cost is projected to be over $1.3 Million ($453,154/year) in 2045.3
Understand Long-Term Care Costs
Oregon Long-Term Care Costs (annual) – 2025 | |||
| Region | Nursing Home (private room) | Assisted Living (private room) | Home Care (44 Hrs/week) |
| State Average | $170.789 | $74,295 | $74,241 |
| Albany | $174,883 | $69,556 | $76,473 |
| Bend | $172,167 | $74,609 | $83,368 |
| Corvallis | $148,950 | $71,699 | $81,838 |
| Eugene-Springfield | $180,382 | $67,073 | $76,097 |
| Grants Pass | $149,487 | $85,338 | $53,906 |
| Medford | $171,678 | $76,678 | $64,617 |
| Portland-Vancouver-Hillsboro | $171,731 | $84,620 | $74,241 |
| Salem | $139,057 | $68,121 | $83,842 |
Source: Nationwide Financial 2025 Cost of Care Survey (HVS), accessed November 17, 2025.
Does Medicare Cover Long-Term Care?
Medicare does not pay for most long-term care (custodial care). This type of care makes up more than 90% of all long-term care services. Examples of custodial care is when you need help with walking, bathing, eating, dressing or using the toilet. This is what people need most when they have a physical impairment from a stroke. Or, due to cognitive impairment from dementia or Alzheimer’s disease. Don’t make the mistake of thinking Medicare covers long-term care costs. It doesn’t.
Further, about 80% of care at home is provided by unpaid caregivers. With more than half of this care including intensive caregiving assistance with personal care such as bathing or feeding.4 And it’s not only seniors that need long-term care. Over 35 percent of people currently receiving care are between the ages of 18 and 64.5
When To Buy Long-Term Care Insurance
Like most advisors, we recommend buying long-term care insurance in your fifties or early sixties for the following reasons:
- The younger you are when you buy a policy, the lower the annual premiums.
- Even though you pay premiums a longer period of time, you’ll typically pay less overall than someone buying at an older age.
- By the time you reach your mid sixties, you’re more likely to have a medical condition that makes you ineligible for a preferred-health discount, or makes it tough to get coverage at all.
So it almost never pays to wait. And, while you’re waiting, you’re uninsured. If an accident or illness happens causing you to need long-term care, you’ll have to pay out of pocket.
Long-Term Care Insurance Cost in Oregon
Your Oregon long-term care insurance rates will depend on your age, health history, plan design and type of coverage selected. The following choices let you choose how much protection is right for your situation:
- Benefit Period
- Daily Benefit
- Elimination Period (a deductible in days)
- Inflation Protection (if chosen)
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Oregon Long-Term Care Insurance Options
These are the types of long-term care insurance plans available in Oregon.
Oregon Long-Term Care Partnership Program—Traditional LTC Insurance
- The most comprehensive long-term care protection for your dollar
- About half of all long-term care policies purchased
- The broadest set of options
- Recurring premiums
- Learn more about Traditional LTC >
Hybrid Life Insurance with Long-Term Care
- A permanent life insurance policy that can be used during your lifetime if you need long-term care
- If care is not needed, your asset passes to your estate as a tax-free death benefit
- May build cash value and have a return of premium option
- Premiums will NOT increase and 1035 exchanges possible
- Can be funded with qualified dollars (IRA, 401k, etc.)
- Learn more about Hybrid Life with LTC >
Hybrid Annuity with Long-Term Care
- A deferred annuity contract with a fixed interest rate and possible indexing for asset growth plus long-term care benefits
- If not exhausted paying for long-term care, the annuity will transfer to your estate
- Long-term care benefits are typically double or triple the value of the annuity
- Premiums will NOT increase and 1035 exchanges possible
- Can be funded with qualified dollars (IRA, 401k, etc.)
- Learn more about Hybrid Annuities with LTC >
Short-Term Care Insurance
- Coverage for a year or less with the option of home health care only, facility only, or both combined
- Lower premiums than long-term care insurance and some policies available to age 89
- Simplified underwriting may be a good fit if you’ve been declined for LTC insurance
- No deductible option means benefits would be paid out as soon as you qualify
- Learn more about Short-Term Care Insurance >
Understand Partnership LTC Plans
Oregon Long-Term Care Partnership
The Oregon Long-Term Care Partnership Program joins private long-term care insurance with Medicaid asset protection. Only Partnership policies provide this type of asset protection when you need long-term care services.
This unique asset protection feature of an Oregon Long-Term Care Partnership Program policy applies if your care needs outlast your Oregon LTC Partnership policy benefits. For example, for every dollar your Long-Term Care Partnership policy pays, an equal amount of your assets are protected from the long-term care Medicaid asset limit. The protected assets are also exempt from Estate Recovery.
The cost for an Oregon Long-Term Care Partnership policy are similar to traditional plans. But you should still comparing them to non-Partnership policies to find the plan that best suits your needs. One example being hybrid long-term care insurance plans which are not available under the Oregon Long-Term Care Partnership Program.
Oregon Partnership Reciprocity
Reciprocity applies when you buy a Long-Term Care Partnership policy in another State and then later move to Oregon. Because Oregon has Reciprocity, you will not lose the special Partnership policy asset protection benefit by moving to Oregon. The State of Oregon would also recognize accumulated asset protection for Medicaid qualification, if you were already receiving long-term care benefits from your Long-Term Care Partnership policy before relocating.
Long-Term Care Insurance Companies in Oregon
Oregon long-term care insurance is available from several highly rated insurance companies. We compare these carriers to find you the right plan at the lowest cost. Here is a list of long-term care insurance providers in Oregon:
- Bankers Life & Casualty
- Brighthouse Financial
- Global Atlantic
- LifeSecure
- Lincoln Financial (MoneyGuard)
- Mutual of Omaha
- National Guardian Life
- Nationwide Life Insurance Company
- New York Life
- Northwestern Mutual
- OneAmerica
- Securian Financial
- State Farm
- Thrivent Financial
Compare Long-Term Care Insurance Options
Our Oregon LTC specialists offer objective guidance on a wide range of long-term care insurance products and strategies. Expect personalized service on topics such as:
✔ Choosing from a variety of long-term care insurance products
✔ Suggestions for the carrier best suited to your situation and goals
✔ Assistance with health qualifying for coverage
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ACACIA Insurance Reviews
What Our Clients Are Saying
Last updated: November 17, 2025
Written by: Craig Matesky, President, ACACIA Insurance
Reviewed by: Mike Berger, National Sales Manager
Sources:
1. “How Much Care Will You Need?” LongTermCare.gov, U.S. Department of Health and Human Services, Accessed 11/17/2025
2. “How Much Care Will You Need?” LongTermCare.gov
3. Nationwide Financial 2025 Cost of Care Survey conducted by HVS, Accessed 11/17/2025
4. “Who Will Provide Your Care?” LongTermCare.gov
5. Family Caregiver Alliance Caregiver.org, Accessed 11/17/2025
Note: Coverages and features vary between insurers, differ by state, and may not be available in all locations.