Long Term Care Insurance San Jose – Costs, Quotes and Comparisons
Long Term Care Planning in San Jose, CA
The number of older adults in Santa Clara County continues to expand. By the year 2030 over 25% of Santa Clara County residents will be over age 60. This is important to long term care planning because high demand for long term care drives up costs.
Santa Clara County has a current population of about 1,800,000. And today over 15% of the county’s residents are over the age of 65.
The City of San Jose now ranks as the third largest city in California. And about ten percent of all residents are age 65 or above. Looking at San Jose households, over 20% of all San Jose households have a resident over the age of 65.
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The Risk of Needing Long Term Care
Government statistics say 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. Forty percent of people currently receiving long term care services are ages 18 to 64.
Long Term Care Rates in San Jose
The cost of long term care facilities and home health care in Santa Clara County and San Jose California are important to long term care planning. Because, the cost of care is a key indicator to how much long term care insurance coverage you need.
The most comprehensive study on the cost of long term care is from Genworth Financial. Their 2021 Cost of Care Survey includes includes over 15,000 long term care providers across the country.
San Jose Long Term Care Costs – 2021 (Annual)
Nursing Home (Private Room): $187,063
Nursing Home (Semi-Private Room): $142,350
Assisted Living (Private Room): $72,000
Home Health Aide (44 Hours/Week): $85,228
Get Long Term Care Insurance California Quotes!
We have specialized in Long Term Care planning since 1990. We’ll give you professional and unbiased advice so you can choose the best company and benefits for your needs. We aggressively shop all the top-rated insurance companies in California and give you:
- Price comparisons customized for your specific needs from major companies like Aetna, Securian Financial, John Hancock, Mutual of Omaha, Nationwide, OneAmerica and more.
- Benefit comparisons of each long term care insurance 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, assets and claims paying experience.