A 55-year-old single individual can expect to pay $2,065 annually for $162,000 in current long-term care insurance benefits,...Read more
2007 Long-Term Care Insurance Price Index Announced
- November 22nd, 2013
A 55-year-old individual considering long-term care insurance protection can expect to pay $665 a year if they are married or $1,075 if they are single according to the 2007 Long-Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance, an industry group.
A 65-year-old purchasing comparable coverage will pay $1,292 (married) or $1,923 (single) according to the report,. Costs are roughly the same as the prior year, the Association said.
Local Elder Law Attorneys in Ashburn, VA
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
Hale Ball Carlson Baumgartner Murphy PLC
Attorney Samantha Simmons Fredieu is an associate at Hale Ball. Ms. Fredieu graduated magna cum laude from Vermont Law School where she was the symposium editor on the Vermont Law Review, a production editor on the Vermont Journal of Environmental Law, and a member of the Moot Court Advisory Board. She has clerked for...
The annual index measures current costs for top-selling long-term care insurance policies that offer the ability to receive care either at home or in a skilled care facility. The index compares costs for plans that provide benefits for 3 years, which increasingly is accepted by industry experts as a basic level of protection for many, according to the Association. The study priced plans that provide $110,000 or $172,000 in current protection ($100/day and $150/day for 3 years) for someone age 55. Benefits increase at five percent compounded annually.
For the complete 2007 price survey, click on the "Document Source" link below.
Last Modified: 11/22/2013