Calculators
Long-term Care Cost Calculator
Project future long-term care costs with inflation and compare them with a policy's daily benefit, benefit period and elimination period.
- Runs in your browser
- Nothing uploaded
The tool
Enter your numbers below. Results update as you type, and nothing leaves your browser.
Everything you enter stays on your own machine. Nothing is sent to us or to anyone else, which you can confirm in your browser network tab.
What people use it for
- Retirement planning
- Comparing long-term care policies
- Deciding how much to self-insure
- Family care planning
About this tool
What the Long-term Care Cost Calculator does
Long-term care, at home, in assisted living or in a nursing home, can cost hundreds of dollars a day and rises with inflation. A long-term care policy pays a daily or monthly benefit after an elimination period, for a set benefit period. Projecting future costs shows how much of the risk a policy would cover.
It also works as a long-term care insurance calculator.
Formula
- Future daily cost = today’s cost × (1 + inflation)^years
- Policy pays the lower of its inflated daily benefit and the daily cost, after the elimination period, for the benefit period
- Gap = total cost − policy payments
Worked example
Using the starting values in the calculator above:
| Input | Value |
|---|---|
| Daily cost of care today | $300 |
| Care cost inflation | 4% |
| Years until care is needed | 20 |
| Years of care | 3 |
| Policy daily benefit today | $200 |
| Benefit inflation protection | 3% |
| Elimination period | 90 days |
| Benefit period | 3 years |
| Result | Value |
|---|---|
| Projected total cost of care | $719,784 |
| Uncovered amount | $356,756 |
| Paid by the policy | $363,028 |
| Share covered | 50.4% |
| Daily cost when care starts | $657 |
How to read the result
Inflation protection matters most for younger buyers; without it, a fixed daily benefit covers less each year.
Hybrid life and long-term care policies are an alternative for people who want a benefit even if care is never needed.
Estimates for planning only. Actual premiums and benefits depend on the insurer, policy terms and underwriting.
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Questions
Questions about this tool
The things clients actually want to know — costs, timelines, ownership and what happens after launch.
Costs vary widely by place and type of care, from home care hours to nursing home days.
The number of days you pay for care yourself before benefits start.
Usually yes, if care may be decades away.
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