What Is The Cost Of Nursing Home Insurance?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Long term care insurance (nursing home) costs have several factors. Among them are the state you live or more accurately the state you' ll retire in. The cost of nursing home care from state to state and facility to facility can be significant. Your own personal information can affect the premium life gender, age, smoking status, health history and your current medical consideration.  You can save money via a multiple life discount between spouses. And keep in mind that there are extra riders like inflation to consider. All and all too many variables to estimate the cost of nursing home care.
    Answered on September 14, 2013
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  2. 63333 POINTS
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    Peggy Mace
    Most of the U.S.
    The cost of nursing home insurance can range from $30/month to over $400/month. The age at which you apply, your health and tobacco status, the elimination period and length of coverage chosen, the dollar benefit, and the features and riders all enter into the cost of the policy. Contact a long term care insurance broker to find what nursing home insurance would cost for you.
    Answered on September 16, 2013
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