Long-Term Care Insurance: Should You Lock Rates in 2025?
1) What It Covers
- Nursing home care.
- Assisted living facilities.
- Home healthcare services.
2) Cost Trends
| Service | Avg Monthly Cost (2025) |
|---|---|
| Nursing Home (Private Room) | $9,000 |
| Assisted Living | $5,000 |
| Home Health Aide | $4,000 |
3) Premiums
Average annual premium in 2025: $2,800 for a healthy 55-year-old. Rates increase 2–4% annually if not locked.
4) Example
A couple locks policies at age 55. At age 80, their peers pay 60% higher premiums. Total lifetime savings: ~$60,000.
Conclusion
Locking long-term care insurance rates in 2025 can save thousands. The decision depends on health, family history, and budget.
Labels: Insurance,Health