Long Term Care Insurance Portland Oregon Rates, Companies, Quotes
Long Term Care Planning in Portland, Oregon
Knowing the cost of long term care (LTC) facilities and home health care in Portland is important to planning ahead for future long-term care needs. Because, long term care costs will help you decide how much insurance you need.
The largest study on the cost of long term care is conducted annually by Genworth Financial. Their 2021 Cost of Care Survey covers national long term care costs and over 15,000 LTC providers.
Portland’s nursing home rates are the highest in Oregon at over $141,000 per year. Bend has the second highest cost at $139,795 per year.
CLICK HERE To Get Oregon Long Term Care Insurance Quotes. We’ll give you quotes and comparisons for the leading LTC insurance providers in Oregon.
Long Term Care Costs Portland, OR – 2021 (Annual)
Nursing Home (Private Room): $141,328
Nursing Home (Semi-Private Room): $127,933
Assisted Living (Private Room): $59,700
Home Health Aide (44 Hours/Week): $85,754
Who Needs Long Term Care Insurance
According to the U.S. Department of Health and Human Services, about 70 percent of people over age 65 will require some type of long-term care services during their lifetime. However, the need for long term care does not only impact seniors as 40 percent of people currently receiving long term care services are ages 18 to 64.
Medicare does not cover most long term care services, because most long term care isn’t medical care. Most long term care services involve help with basic personal tasks of everyday life, known as activities of daily living (custodial care).
Get Oregon Long Term Care Insurance Quotes!
ACACIA Insurance Services has specialized in long term care insurance since 1990 and we represent all major insurance carriers. Our Long Term Care Insurance Specialists have the product knowledge and benefit design expertise to assist you in choosing the best long term care insurance solution for your needs.
We’ll give you professional and unbiased advice so you can choose the best insurance company and plan design for your needs. We shop all the major insurance company’s offering coverage in Oregon and give you:
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- Price comparisons customized for your specific needs from top-rated LTC insurance carriers like Aetna, Nationwide, John Hancock, Mutual of Omaha, Lincoln Financial and others.
- Benefit comparisons of each company’s insurance 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.