Pennsylvania Long-Term Care Insurance Rates & Options

Find a plan that’s right for you with our highly rated companies, multiple plan options, and expert long-term care advisors.
  • Traditional Long-Term Care Insurance
  • Pennsylvania LTC Partnership Program
  • Hybrid Life Insurance with LTC
  • Long-Term Care Annuities
 

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Long-term care insurance can play a significant role in your family’s future well-being. By planning ahead you can provide security and peace of mind for years to come by knowing you can:

   Secure quality, affordable care.

   Safeguard your assets for your spouse and other heirs.

   Relieve family members and friends from having to provide care.

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Did You Know?

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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 for 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 2024, the average cost for 3 years of long-term care in Pennsylvania is $452,793 ($150,931/year). That cost is projected to be $992,127 ($330,709/year) in 2044.3

Understand Long-Term Care Costs

Pennsylvania LTC Costs – 2024 (annual)

Nursing Home
(private room)
Assisted Living
(private room)
Home Care
(44 hours/week)
State Average$150,931$57,070$63,403
Click here to see costs by region
RegionNursing HomeAssisted LivingHome Care
Allentown Area$168,141$59,322$58,067
Altoona$154,793$60,718$59,379
Bloomsburg Area$128,005$54,787$53,458
Chambersburg$164,782$77,715$64,576
East Stroudsburg$145,677$52,694$73,809
Erie$135,252$75,011$62,449
Gettysburg$161,440$47,177$67,544
Harrisburg Area$147,517$64,756$61,168
Johnstown$121,213$46,718$60,487
Lancaster$157,477$65,481$63,371
Lebanon$151,051$66,054$61,284
Philadelphia Area$155,486$76,770$60,193
Pittsburgh$133,758$55,412$60,823
Reading$164,712$54,506$63,108
Scranton Area$149,160$38,082$55,682
State College$154,035$58,097$69,771
Youngstown Area$102,084$54,787$53,934
Williamsport$151,409$49,079$67,242
York Area$153,624$63,685$65,537
Source: Nationwide Financial annual cost of care survey conducted by HVS, site accessed 4/2/2024

Does Medicare Cover Long-Term Care?

No, Medicare does not cover 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.

Find Out If You Qualify For LTC Insurance >

How Much Does LTC Insurance Cost in Pennsylvania?

Your Pennsylvania 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)

Ready to get pricing and suggestions?

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Pennsylvania Long-Term Care Insurance Options

Options for long-term care insurance in Pennsylvania include: Traditional LTC, Hybrid Life LTC, and Hybrid Annuity LTC. Another alternative is Short-Term Care Insurance which is most often chosen because of health or age limitations.

 

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Traditional Long-Term Care Insurance

  • The most comprehensive long-term care protection for your dollar
  • About half of all long-term care policies purchased, including Pennsylvania Long-Term Care Partnership Program
  • The broadest set of options
  • Recurring premiums
  • Learn more about Traditional LTC >
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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
  • Learn more about Hybrid Life with LTC >
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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
  • Learn more about Hybrid Annuities with LTC >
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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 >

 

Pennsylvania Long-Term Care Partnership Program

The Pennsylvania 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 nursing home, assisted living or home care.

The unique asset protection benefits of an Pennsylvania Long-Term Care Partnership policy apply if your long-term care needs last longer than the benefits of your LTC Partnership policy. For example, for every dollar your Long-Term Care Partnership policy pays in benefits, a dollar of assets is protected from the long-term care Medicaid asset limit. The protected assets are also exempt from Estate Recovery in the same amount as the benefits paid by your Partnership policy.

Rates for a Pennsylvania Long-Term Care Partnership Program policy rates are like traditional plans. Still, we recommend comparing them to non-Partnership policies because you may find alternatives better suited to your needs. This includes hybrid long-term care insurance plans not available under the Pennsylvania Long-Term Care Partnership Program.

Pennsylvania Long-Term Care Partnership Program.

Partnership Reciprocity

Reciprocity applies when you buy a Long-Term Care Partnership policy in another State and then later move to Pennsylvania. Because Pennsylvania has reciprocity, you will not lose the special Partnership policy asset protection benefit by moving to Pennsylvania. The State of Pennsylvania 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 Pennsylvania

Pennsylvania 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 Pennsylvania:

Compare Long-Term Care Insurance Options

Our Pennsylvania 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 company best suited to your situation and goals

   Assistance with health qualifying for coverage

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What Our Clients Say

 

 


About the Author: Craig Matesky

Sources:
1. “How Much Care Will You Need?” LongTermCare.gov, U.S. Department of Health and Human Services, site accessed 4/2/2024
2. “How Much Care Will You Need?” LongTermCare.gov
3.  Nationwide Financial annual cost of care survey conducted by HVS, site accessed 4/2/2024
4. “Who Will Provide Your Care?” LongTermCare.gov
5. Family Caregiver Alliance Caregiver.org, site accessed 4/2/2024
Please note: Coverages and other features vary between insurers, vary by state, and are not available in all states.