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 continues to drive up Bay Area long-term care 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 show 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.
Bay Area Long-Term Care Costs
The cost of long-term care facilities and home health care in the Bay Area are important to your long-term care planning decisions. Because, the cost of care is a key indicator to how much long term care insurance 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 California Long-Term Care Insurance Quotes!
We have over 30 years expertise in providing Long-Term Care Solutions. 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.