Long Term Care Insurance Seattle WA Costs, Companies and Quotes
Long Term Care Insurance Planning
High long term care costs make it smart to plan ahead for future care needs. Our LTC insurance agents will provide you with Long Term Care Insurance Seattlle WA quotes and planning information to help you decide if insurance is right for you.
The latest census numbers state about 787,000 people live in Seattle. This ranks Seattle as the largest city in the state of Washington and the Pacific Northwest. The Seattle–Tacoma–Bellevue, WA Metropolitan Statistical Area (MSA), with an estimated population of 3,798,902, is slightly more than half of Washington’s population. This MSA is the 15th largest in the United States. Between 2010 and 2030 the number of older Americans will continue to grow as the “baby boomer” generation matures to age 65. The demographics of Seattle along with its high population put strong demand on the long term care system.
Who Needs Long Term Care?
Government statistics say about 70 percent of people over age 65 will need some type of long term care services during their lifetime. But this need for long term care does not only impact seniors. Forty percent of people currently receiving long term care services are ages 18 to 64. Consider that in 2010, nearly three-quarters of Seattle residents were adults between 18 and 64 years of age.
This can have a significant impact upon the family as almost one of every four U.S. households provides care to someone age 50 and older. Planning ahead for long term care is critical because even a slight decline in health can make it impossible to buy LTC insurance. Our long term care brokers in Seattle can tell you if your health history allows you to buy LTC insurance.
Long Term Care Costs in Seattle
Long term care costs are extremely high in Seattle at $345 per day for a private room in a nursing home. This makes the prospect of paying out of pocket for long term care costs in the Seattle area daunting for all but the very wealthy. Those who plan ahead with long term care insurance won’t have to worry about paying out of pocket.
And don’t make the mistake of planning on Medicare to pay for your long term care. Because, Medicare does not pay for most nursing facility and home health care. Medicare only pays to help short-term recovery after a hospitalization. The person must also be under a doctor’s supervision to get Medicare reimbursement.
Seattle WA 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) |
| $125,925 | $110,913 | $69,000 | $73,102 |
Get Washington Long Term Care Insurance Quotes!
ACACIA Insurance Services has specialized in Long Term Care planning solutions since 1990. Our long term care insurance brokers in Seattle WA will give you professional, unbiased advice so you can choose the best company and benefits for your needs. Your long term care insurance agent in Seattle shops all the major long term care insurance companies in Washington and gives you:
- Price comparisons customized for your specific needs from top carriers such as Genworth, John Hancock, Transamerica, Mutual of Omaha, MassMutual and more.
- Benefit comparisons of each 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.