Long-Term Care Insurance
What is long-term care insurance?
Long-term care insurance covers the cost of custodial care — help with activities of daily living (bathing, dressing, eating, toileting, transferring) — that is not covered by health insurance or Medicare. The average cost of a private nursing home room is $9,000+/month in 2026.
Key Points
- Long-term care insurance covers custodial care (help with daily activities)
- Covers home care, assisted living, and nursing home care
- Medicare does NOT cover custodial long-term care
- Average private nursing home room: $9,000+/month (2026)
- Long-term care insurance: typically purchased at ages 50-65