Senior Information Center
Long Term Care Insurance
How do I know if I need LTC Insurance?

It might be right if:
  • You have assets to protect, such as a home, savings, other investments, etc.
  • You can afford the premium now and in the future
  • You’re not currently disabled or seriously ill.
  • You’re unable to pay out-of-pocket for long-term care services and won’t qualify for Medicaid.
  • You want to ensure control over your assets.
  • You want to protect your family from providing your long-term care.
It might not be right if:
  • You have few or no assets
  • You’re unable to afford the premium
  • You’re already disabled or seriously ill
  • Your income and assets qualify you for Medicaid
  • You have other insurance, such as a life insurance policy with a long-term care rider, another long-term care policy, etc.
  • You can afford to pay out-of-pocket for your long-term care.
  • You have no family or organizations that you’d like to receive your assets.