Estimate the future cost of long-term care, adjusted for healthcare inflation, to size your coverage needs.
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Check current nursing home or in-home care costs in your area.
Estimated Coverage Needed
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Future Annual Cost of Care—
Current Annual Cost of Care—
Formula
Future Annual Cost = Current Cost × (1 + inflation rate)^years. Total Coverage Needed = Future Annual Cost × Expected Duration of Care.
Example
$60,000 in current annual care costs, 20 years out at 4% inflation, grows to about $131,000 a year. Over an expected 3 years of care, that suggests roughly $394,000 in total coverage.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
When should I consider long-term care insurance?
Many financial planners suggest evaluating coverage in your 50s or early 60s, since premiums rise with age and health changes can affect eligibility.
Does Medicare cover long-term care?
Medicare covers only limited short-term skilled nursing care, not the extended custodial care that long-term care insurance is designed to cover.