Michigan Long-Term Care Insurance Costs & Options

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Investing in long-term care insurance is a crucial step in securing your family’s future. By planning ahead, you can ensure peace of mind and financial stability for the years ahead by:

   Ensuring access to high quality, affordable care.

  Protecting your assets for your spouse and loved ones.

  Relieving your family and friends from the burden of caregiving.

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Did You Know?


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


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


In 2024, the average cost for 3 years of long-term care in Michigan is $403,362 ($134,454/year). That cost is projected to be $883,815 ($294,605/year) in 2044.3

Understand Long-Term Care Costs

Michigan Long-Term Care Costs – 2024 (annual)

Nursing Home
(private room)
Assisted Living
(private room)
Home Care
(44 hours/week)
State Average$134,454$65,757$64,441
Click for costs by region
RegionNursing HomeAssisted LivingHome Care
Ann Arbor$165,602$79,839$68,310
Battle Creek$118,064$50,101$65,882
Bay City$127,647$58,994$62,097
Grand Rapids-Wyoming$134,087$73,221$63,884
Lansing-East Lansing$139,650$71,471$66,093
Niles-Benton Harbor$136,581$72,204$60,238
Source: Nationwide Financial 2024 cost of care survey conducted by HVS, site accessed 4/30/2024

Does Medicare Cover Long-Term Care?

No, Medicare does not include coverage for long-term care, also known as custodial care. This type of care actually accounts for more than 90% of all long-term care services. Custodial care refers to assistance with activities like walking, bathing, eating, dressing, and using the toilet. These are the essential needs that individuals with physical impairments from a stroke or cognitive impairment from dementia or Alzheimer’s disease require the most. It’s important to understand that Medicare does not provide financial support for most long-term care expenses.

It’s worth noting that around 80% of care provided at home is done by unpaid caregivers. More than half of this care involves intensive assistance with personal tasks such as bathing or feeding.4 This highlights the significant role that unpaid caregivers play in supporting individuals in need. And it’s not just seniors who require long-term care; over 35% of individuals currently receiving care are between the ages of 18 and 64.5


When To Buy Long-Term Care Insurance

We recommend that you buy long-term care insurance in your fifties or early sixties. Here’s why:

  • 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 Michigan?

Your Michigan 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)

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Michigan Long-Term Care Insurance Options

These are the types of long-term care insurance plans available in Michigan.

Traditional LTC Insurance—Michigan Long-Term Care Partnership

  • The most comprehensive coverage for your money in long-term care protection
  • Approximately half of all long-term care plans purchased
  • A wide range of options available
  • Ongoing premium payments
  • Learn more about Traditional LTC >

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
  • Can be funded with qualified dollars (IRA, 401k, etc.)
  • Learn more about Hybrid Life with LTC >

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
  • Can be funded with qualified dollars (IRA, 401k, etc.)
  • Learn more about Hybrid Annuities with LTC >

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 >


Understand LTC Partnership Plans

Michigan Long-Term Care Partnership Program

The Michigan Long-Term Care Partnership Program is a unique initiative providing individuals with a comprehensive and sustainable solution for their long-term care needs. By partnering with private insurance companies, the program allows individuals to purchase long-term care insurance policies that provide coverage for both nursing home care and home-based care services. The program ensures individuals receive the care they need and helps them to preserve their financial security and independence.

In the case that your long-term care needs exceed the benefits provided by your LTC Partnership policy, the Michigan Long-Term Care Partnership Program policy presents unique asset protection benefits. Essentially, for every dollar paid out by your Partnership policy, a dollar’s worth of assets is shielded from the Medicaid asset limit for long-term care. Moreover, the assets protected are immune from Estate Recovery up to the same value as the benefits received from your Partnership policy.

While the Michigan Long-Term Care Partnership Program rates are comparable to traditional policies, it is recommended to evaluate them against non-Partnership policies to determine which aligns best with your needs. Because, there are alternative choices available, including hybrid long-term care insurance plans that are not part of the Michigan Long-Term Care Partnership Program.

Michigan Long-Term Care Partnership Program.


Michigan Partnership Reciprocity

When purchasing a Long-Term Care Partnership policy in a different State and relocating to Michigan, the concept of reciprocity comes into play. Michigan’s reciprocity ensures that you retain the valuable asset protection benefits offered by your Partnership LTC policy even after moving. Furthermore, Michigan acknowledges the asset protection accumulated for Medicaid eligibility if you were already utilizing your Long-Term Care Partnership policy benefits prior to the move.

Long-Term Care Insurance Companies in Michigan

There are several highly rated insurance companies offering long-term care insurance in Michigan. Our comparison process helps identify the best plan for you at an affordable price. Below is a list of the long-term care insurance companies in Michigan:

Compare Long-Term Care Insurance Options

Our Michigan 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 carrier best suited to your situation and goals

   Assistance with health qualifying for coverage

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About the Author: Craig Matesky
Reviewed by: Mike Berger

1. “How Much Care Will You Need?” LongTermCare.gov, U.S. Department of Health and Human Services, site accessed 4/30/2024
2. “How Much Care Will You Need?” LongTermCare.gov
3. Nationwide Financial annual cost of care survey conducted by HVS, site accessed 4/30/2024
4. “Who Will Provide Your Care?” LongTermCare.gov
5. Family Caregiver Alliance Caregiver.org, site accessed 4/30/2024
Note: Coverages and other features vary between insurers, vary by state, and are not available in all states.