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Only 15% of Seniors Insured for Rising Long-Term Care Costs

3/28/2026

27 2 Full Breakdown

Summary

Story summary

Most older adults lack long-term care (LTC) insurance due to cost and misunderstanding of coverage limits.
Medicare offers limited LTC coverage, while Medicaid requires depleting resources to qualify.
In 2025, costs reach about $80,000 for home care, $74,000 for assisted living, and $130,000 for a nursing home.
Only 15% of people aged 65 and older have long-term care insurance, while a Milliman index estimates $135,000 for future LTC costs.

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Story summary

Most older adults lack long-term care (LTC) insurance due to cost and misunderstanding of coverage limits.
Medicare offers limited LTC coverage, while Medicaid requires depleting resources to qualify.
In 2025, costs reach about $80,000 for home care, $74,000 for assisted living, and $130,000 for a nursing home.
Only 15% of people aged 65 and older have long-term care insurance, while a Milliman index estimates $135,000 for future LTC costs.