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July 07, 2009 at 08:00 PM
Typical high-quality private long term care insurance costs about 2% more this year than it did in 2008.
The American Association for Long-Term Care Insurance, Westlake Village, Calif., has published that estimate in a report that compares policies that provide at least 3 years of benefits with 5% annual compound inflation protection.
“A 55-year-old individual considering long-term care insurance protection can expect to pay $723-per-year for a base level of protection if they are married or $1,060 if they are single,” the AALTCI reports.
