Long Term Care Insurance Utah Costs, Companies and Quotes
Who Needs Long Term Care Services?
The U.S. Department of Health and Human Services says about seventy percent of people over age 65 will need long term care during their lifetime. But the need for long term care services is not limited to seniors. There are now forty percent of people currently receiving long term care that are between the ages of 18 and 64. Long term care insurance planning is critical to a financial plan. Critical because traditional health insurance and Medicare do not pay for most long term care services.
To buy long term care insurance, individuals must be enjoying good health. And this health qualification aspect makes it important to plan ahead. In general term, this means buying long term care insurance when you’re somewhere between age 50 and 70 and enjoying good health.
Utah Long Term Care Costs
One of the most comprehensive studies on long term care (LTC) costs is from Genworth Financial, a leading Fortune 500 company. The Genworth 2018 Cost of Care Survey encompasses national long term care costs and surveyed over 15,000 long term care providers. Local long term care costs are important for Utah residents to consider. The cost of long term care services is a key factor in choosing how much long term care protection to include in your financial plan.
The U.S. Department of Health and Human Services says that about 70 percent of people over age 65 will require some type of long-term care services during their lifetime. Yet, the need for long term care does not only impact seniors. Consider that 40 percent of people currently receiving long term care services are ages 18 to 64.
Utah Long Term Care Costs – 2018 (annual)
|Home Health Aide
|Salt Lake City||$102,200||$81,213||$43,200||$56,056|
|Rest of Utah||$73,000||$62,963||$37,470||$49,192|
How Much Does Long Term Care Insurance Cost?
Utah long term care insurance rates will depend upon your age and health history at the time you buy insurance. In general, the younger and healthier you are the lower the premium for your long term care protection. Your LTC insurance premiums will also depend on the following benefits you select:
- Benefit Period
- Daily Benefit
- Elimination Period
- Inflation Protection (if chosen)
Complete the form on this page to request long term care insurance costs and comparisons specific to your situation.
How To Buy Long Term Care Insurance In Utah
We’re here to help you and provide free Utah long term care insurance information. This includes no obligation consultations, LTC quotes and benefit comparisons. We also provide analysis of your ability to health qualify for coverage. There are several top-rated insurance companies in Utah. Our LTC agents are licensed with the State of Utah and appointed to conduct business with each long term care insurance provider. Following is a partial list of the long term care insurance companies in Utah we represent:
- Genworth Life Insurance Company
- John Hancock Life Insurance Company
- LifeSecure Insurance Company
- MassMutual Insurance Company
- MedAmerica Insurance Company
- Mutual of Omaha Insurance Company
- Transamerica Life Insurance Company
- United of Omaha Life Insurance Company
Get Utah Long Term Care Insurance Quotes!
We’ve specialized in Long Term Care planning solutions since 1990 and will give you professional and unbiased advice so you can decide if Long Term Care Insurance is right for your situation. We shop all the major long term care insurance companies in Utah and give you:
- Price comparisons customized for your specific needs from respected insurance companies like Genworth Financial, John Hancock, Transamerica, Mutual of Omaha and others. AARP Utah insurance comparisons are also provided.
- 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 financial rating, size and claims paying experience.
Long term care insurance agents serving the cities of Bountiful, Layton, Lehi, Logan, Murray, Ogden, Orem, Provo, Salt Lake City, St. George, South Jordan, Taylorsville, West Jordan, West Valley City and all cities in the State of Utah.