Santa Barbara Long Term Care Insurance – Costs and Companies
Long Term Care Planning in Santa Barbara CA
Long Term Care Planning is an important topic for Americans. Because of both the increasing cost of long term care services and our aging population.
And Santa Barbara, California is no exception. Santa Barbara long term care costs are one of the highest in California. This creates some significant issues for Santa Barbara residents and their retirement planning.
The City of Santa Barbara has almost 90,000 residents and about 40% of the city’s residents are over the age of 60. The older demographic of the city puts significant demand upon the long term care system. This high demand tends to drive up costs. Looking beyond the city limits, Santa Barbara County has a population of over 430,000. This puts even further demand on the cost of long term care services.
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Who Needs Long Term Care?
The Department of Health and Human Services study who needs long term care. They report 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. There are 40 percent of people currently receiving long term care services who are between the age of 18 and 64.
Long Term Care Rates in Santa Barbara, CA
The most comprehensive study on the cost of long term care is from Genworth Financial. Their 2020 Cost of Care Survey covers national long term care costs. The study includes more than 15,000 long term care providers.
Here is a list of Santa Barbara long term care costs for facilities and home health care.
Santa Barbara Long Term Care Costs – 2020 (Annual)
Nursing Home (Private Room): $172,463
Nursing Home (Semi-Private Room): $119,538
Assisted Living (Private Room): $60,000
Home Health Aide (44 Hours/Week): $73,216
Get Long Term Care Insurance California Quotes
Our firm has specialized in Long Term Care planning solutions since 1990. Our process shops the top insurance providers in California. We provide professional and unbiased recommendations to find you the best insurance company and benefits for your needs. Your Santa Barbara long term care insurance quotes will give you:
- Price comparisons customized for your specific needs from major long term care insurance companies like Aetna, John Hancock, Lincoln Financial, Mutual of Omaha, Nationwide Insurance, Securian and others.
- 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 long term care insurance company’s ratings, size and claims paying experience.