Long-Term Care Insurance
Security. Simplicity. Steadfast Protection.
As we age, the need for long-term care (LTC) becomes more likely. In fact, 70% of people over 65 will require some form of long-term care during their lifetime.* But without the right coverage, the cost of care can be overwhelming. Long-term care insurance helps protect your savings while ensuring you have access to quality care when you need it most.
What Is Long-Term Care Insurance?
Long-term care insurance provides coverage for assistance with daily activities—such as eating, bathing, and mobility—when you are unable to do them on your own. These services are not covered by standard health insurance or Medicare, making LTC insurance a critical part of financial planning.
LTC insurance helps cover the cost of:
- Nursing home care – Full-time professional assistance in a skilled care facility
- Assisted living facilities – Housing and care support for those needing some assistance
- In-home health care – Personal caregivers providing help in your home
- Adult day care – Care services in a community setting for daytime assistance
Common Conditions That May Require Long-Term Care:
- Alzheimer’s and dementia
- Chronic illnesses or disabilities
- Injuries that limit mobility
- Loss of independence with daily tasks
Costs continue to rise yearly
CT Long-Term Care Costs
Without long-term care insurance, the cost of care in Connecticut can be extremely high. Here are the average costs for services.
$165,000+
Nursing Home (Semi-Private Room)
$65,000+
Assisted Living Facility
$60,000+
Home Health Care Aide
Why Plan for Long-Term Care Now?
01
Your savings and assets are protected from high care costs.
02
You have control over the type of care and where you receive it.
03
Your family won't be financially burdened with care expenses.
Long-Term Care Coverage FAQS
Still Have Questions About Long-Term Care Insurance at Spectrum? See our FAQs.
Do I really need long-term care insurance?
If you’re over 50, planning for long-term care now can protect your savings and ensure you have choices for your future care. With 70% of people over 65 needing some form of long-term care, having coverage can prevent financial strain and give you access to better care options.
Won’t Medicare cover my long-term care costs?
Medicare only covers short-term skilled nursing care (up to 100 days) after a hospital stay and does not pay for ongoing assistance with daily activities like dressing, bathing, or eating. Long-term care insurance is designed to cover these non-medical services, whether in a nursing home, assisted living facility, or your own home.
When is the best time to buy long-term care insurance?
The earlier, the better. Most people purchase long-term care insurance in their 50s or early 60s while they are still healthy enough to qualify for lower premiums. Waiting too long can result in higher costs—or worse, being denied coverage altogether if you develop a medical condition.
How much does long-term care insurance cost?
The cost depends on factors such as age, health status, coverage amount, and policy type. A healthy person in their 50s may pay a few thousand dollars per year, while someone in their 70s will pay significantly more. Planning early can help lock in lower rates.
Can I receive care at home, or do I have to go to a nursing home?
Many policies cover home health care services, allowing you to receive care in your own home instead of moving to a facility. Long-term care insurance gives you options, whether you prefer in-home care, assisted living, or a nursing home.
What if I never use my long-term care insurance?
Some policies offer return-of-premium benefits or hybrid options that combine long-term care with life insurance. This way, if you don’t end up needing long-term care, your premiums can be returned or passed on to your beneficiaries.
Can I customize my long-term care coverage?
Yes. Policies vary based on daily benefit amounts, coverage duration, inflation protection, and elimination periods (the waiting time before benefits start). Our agents will help tailor a policy that fits your specific needs and budget.
