Texas Long-Term Care Cost Calculator
Estimate what long-term care could cost and how much of it you may want to plan for.
24/7 skilled nursing care
- Today's annual cost
- $72,000
- Projected annual cost when care starts
- $129,668
- Projected total cost of care
- $334,647
- Gap after savings set aside
- $334,647
Ways to pay for this gap
- Hybrid LTC annuity or life
- Traditional LTC insurance
- Self-funding
- Medicaid (after spend-down, if eligible)
Understanding Your Results
How It Works
A hybrid policy turns a premium into a pool of money that can be used for qualified long-term care. If you don't need care, many policies pay a death benefit or keep a contract value, per contract terms.
Tax Treatment
Qualified LTC benefits from properly structured contracts are generally received income-tax-free under federal law, and annuities grow tax-deferred. Consult your tax advisor.
This is an estimate using published averages, not a quote. Benefits vary by product and carrier.