Does Long Term Care Insurance Have An Age Limit?

At some point in our lives, we may be in need of high quality, long term care. But the costs of this type of care has ballooned over the past few decades, and is often a significant financial burden – and possibly inaccessible – for the majority of America. Health insurance and Medicare may cover some of the costs, but some forms of care require a lot more on the part of you and your family.

Because long term care has gotten so expensive, it has also become increasingly important for families to consider long term care insurance – insurance that provides financial support should you need long term care.

Obtaining Long Term Care Insurance

Long term care insurance can save you and your family from significant financial expenses related to long term care. But, like most forms of insurance, it does require the individual pay a monthly premium that can be affected by factors such as age and health.

The younger you are when you request long term care insurance, the easier and less costly it is to obtain. But what about when you get older? Can someone of any age get long term care insurance?

What is the Oldest Age a Person Can Get Long Term Care Insurance?

There is no legal upper age limit for long term care insurance. There are individuals 75+ years old that have acquired long term care insurance coverage, and at LTCR Pacific, we will look over your application at any age and see if we can connect you to an option that makes sense for your financial needs.

With that in mind, long term care insurance does become more expensive as a person gets older, and so the sooner a person applies for coverage, the better. Experts generally recommend long term care insurance coverage be obtained between the ages of 30 and 65, as that is when the coverage is typically at its most competitive pricing.

What’s Next?

No matter your age, it is always a good idea to look into long term care insurance to see if there are options that are right for you. Please contact LTCR Pacific today to get started.

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