Projected Cost To Cover Future LTC Needs For An Individual At Age 65 Is $135,000

At age 65, the amount needed in 2025 to self-pay future long-term care (LTC) needs at commercial insurance market rates is $135,000 without Medicaid, according to the inaugural Milliman LTC index. The benchmark LTC cost for women is $171,000 and $98,000 for men. However, LTC costs vary widely based on sex, geography, and length of need.

About 60% of women and 53% of men are projected to use formal paid LTC during their lifetime after age 65. The LTC Index cost varies by the length of LTC need, and ranges from less than $30,000 . . .