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Long-Term Care Insurance

Helping you offset the cost of extended care 

Most Americans are living longer and healthier lives thanks to advances in medicine and preventive care. While that is welcome news, it also means there is an increased risk of living with a chronic health condition that will require extended care. A long-term care insurance policy helps you to offset the high cost of extended care due to accidents, illnesses or advanced age while protecting your personal assets.

Long-term care insurance covers services above and beyond what medical insurance will cover. Without it, these expenses would take a big bite out of your retirement nest egg.

Long-term care (LTC) refers to a wide array of medical care, personal assistance and social support services for people who are physically or mentally unable to independently care for themselves for an extended period of time. Whether you need LTC insurance depends on your age, health status, overall retirement goals, income and assets.


Although long-term care insurance evolved from income disability insurance, major medical insurance or disability insurance does not protect a policyholder in the same way. Unlike a medical policy that will cover a limited number of days of recuperative time, a long-term policy will cover two years or more. Beyond that, disability insurance replaces only salary at the time of the injury and does not cover care. The policyholder will then have to pay out of pocket for any ongoing long-term care due to his or her accident or injury.

In addition, Medicare should not be considered a resource for handling any substantial long-term care expenses. This program reimburses the insured for a maximum of 100 days, with the average repayment of expenses being a mere 28 days.


Last year, the average private-pay cost of care per year in a nursing home  exceeded $90,000 for a private room and $80,000 for a shared room. Assisted living rates also averaged over $40,000 per year. Rates vary, depending on region, size of the accommodations, services available, quality of care and amenities


A long-term care insurance policy covers some or all of the following types of services:
• Nursing home coverage
• Assisted living facility coverage
• Adult day care center coverage
• Home health care coverage
• Personal care coverage

According to the Health Insurance Association of America, the average age at which people purchase long-term care insurance is 62. However, purchasing a policy at a younger age typically means premiums are much more affordable. This often evens out the cost of coverage over the life of the policy, as compared to a policy taken out over the age of 65. While you may pay for a longer period of time, taking out a policy around age 50 allows you to enjoy peace of mind from knowing that you are covered.

Most policies pay a daily maximum benefit and a lifetime maximum benefit. Actual benefits are chosen at the time the policy is purchased.  Call Bremer Insurance today at 800-908-2265 to learn more about your coverage options, potential tax advantages and how a policy can help you protect your financial future.

  • This content is provided for informational purposes only. The information provided herein is not intended to be exhaustive, nor should it be construed as advice regarding coverage. Eligibility for coverage is not guaranteed and all coverages are limited to the terms and conditions contained in the applicable policy. © 2008, 2013 Zywave, Inc. All rights reserved.
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Products and services offered through Bremer Insurance are not insured by FDIC, are not a deposit or other obligation of, or guaranteed by, the depository institution, and are subject to investment risks including possible loss of the principal amount invested.