Long-Term Care Insurance:
Do I Need It? Guides & Research

Delaying the purchase of Long-Term Care Insurance can significantly increase costs and limit your options, as premiums are based on your age and health. Waiting too long risks higher expenses and potential disqualification, leaving your family to shoulder the emotional and financial burden of care.

The IRS has increased pension and retirement plan contribution limits for 2025, allowing individuals to contribute more to 401(k) and similar plans. The new limits reflect a response to inflation, supporting Americans in maximizing their retirement savings.

The Internal Revenue Service announces the new age-based tax-deductible limits for the upcoming tax year each year. Tax-qualified Long-Term Care Insurance provides guaranteed tax-free benefits, and premiums can be either tax-deductible or reimbursable through Health Savings Accounts (HSAs).

LTC Insurance provides families with guaranteed tax-free benefits for extended care services, such as in-home care, assisted living, or nursing homes. Including an LTC policy in your financial planning can protect your savings and ease the emotional and physical burden on loved ones.

The Certified in Long-Term Care (CLTC) designation is a professional certification that helps insurance and financial professionals specialize in the complexities of long-term care planning.