Long-Term Care Planning Checklist

long term care

Prepare for the possibility of needing long-term care and protect your retirement savings.

1

Understand long-term care costs in your state

Assisted living averages $4,500-$5,500/month nationally; nursing homes cost more.

Estimate Costs
2

Evaluate long-term care insurance options

Best purchased between ages 55-65 for affordable premiums.

3

Explore hybrid life/LTC insurance policies

Combines life insurance with long-term care benefits.

4

Document your healthcare wishes

Create an advance directive and healthcare power of attorney.

5

Review Medicare and Medicaid eligibility

Understand what each program covers and does not cover.

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Disclaimer: This content is for educational and informational purposes only and does not constitute financial, legal, or tax advice. Products and services mentioned may not be available in all states. All insurance products are subject to underwriting and policy terms. Consult a licensed professional for advice specific to your situation.