George Leamon is originally from Binghamton, New York. He began his insurance career in 1976, and opened his own agency in Naples in 1984. George has been very active in Rotary International for 28 years and is a past president. It is my goal to give you the latest and most accurate information in regards to long term healthcare for you or any members of your family.
Monday, August 22, 2011
I'm 57 and married, how much does long-term care insurance cost?
What you pay is determined by your age, your health and how much protection you select when you apply. But, you want a bottom line. We do a Price Index study every year and someone age 55 who qualifies for preferred health and spousal discounts may pay $$709-per-year if they are married for what I'd call a base plan of protection today. That's about $115,000 in current benefits. With inflation protection coverage, that will grow to over $305,000 in 20 years. That's taking advantage of spousal and preferred health discounts.