Dallas Long Term Care Insurance Costs, Companies & Quotes
Dallas, Texas Long-Term Care Insurance
The populous Dallas, Texas area puts strong demand on the long term care system. The latest census numbers state approximately 1.2 million people live in Dallas. This makes Dallas, Texas the ninth largest city in the U.S. and the third largest in the State of Texas.
Almost 18% of Dallas households have one or more people who is 65 years of age or older. Between 2010 and 2030 the number of Americans will continue to grow as the “baby boomer” generation matures to age 65.
CLICK HERE for Dallas Texas Long Term Care Insurance Quotes. We’ll give you quotes and comparisons for the leading LTC insurance providers in Texas.
Who Needs Long Term Care Insurance
Someone turning age 65 today has about a 70 percent chance of needing some type of long term care during their lifetime. While one-third may never need long term care, 20 percent will need it for longer than 5 years. The average length of time people need long term care services is 3 years.1
In Dallas, the average cost for 3 years of long term care is $304,575 at 2021 rates ($101,525 per year). That cost is projected to be $550,095 by 2041 ($183,365 per year).2
And it’s not only seniors that need long term care. Over 35 percent of people currently receiving long term care services are between 18 and 64.3
Dallas, Texas Long Term Care Costs
Don’t make the mistake of planning on Medicare to pay for your long term care. Because, Medicare does not pay for nursing facility or 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.
This Dallas, Texas long term care cost data can help you determine how much insurance you need. Plus it compares nursing facility, assisted living and home care costs. Following is the 2021 cost of long term care in Dallas.2
Dallas Long Term Care Costs – 2021 (Annual)
Nursing Home (Private Room): $101,525
Nursing Home (Semi-Private Room): $67,525
Assisted Living (Private Room): $50,340
Home Health Aide (44 Hours/Week): $58,344
Texas Long Term Care Insurance Companies
Texas Long Term Care Insurance is available from several well respected insurance companies. Our licensed insurance agents specialize in long term care planning and represent multiple companies. They represent Texas Long Term Care Partnership policies and regular LTC insurance policies. Here is a list of long term care insurance companies in Texas:
Get Dallas, Texas Long Term Care Insurance Quotes!
We’ve specialized in Long Term Care planning solutions for over 30 years and can help with your long term care planning. We’ll give you professional, unbiased advice to help you choose the best long term care insurance company in Dallas, TX. We shop all the major long term care insurance companies in Texas and give you:
- Price comparisons customized for your specific needs from top carriers such as Lincoln Financial, Mutual of Omaha, Nationwide, Securian Financial 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 financial ratings, size and claims paying experience.
1. 2022 U.S. Department of Health and Human Services (www.longtermcare.acl.gov), site accessed 11/08/2022
2. Cost of Care Survey 2021 (Genworth.com), site accessed 11/08/2022
3. Family Caregiver Alliance (www.caregiver.org), site accessed 11/08/2022