Premiums for long term care insurance rose about 2% to $723 a year for a base plan for a 55-year-old married individual, according to a study by the American Association for Long Term Care Insurance.
For a single individual in that age range, base protection would cost $1,060 annually, according to the annual Long Term Care Insurance Price Index published by the AALTCI, Westlake Village, Calif.
The study measured costs for top selling long term care insurance policies that provide around $115,000 in current benefits, with protection increasing yearly as the individual ages.