Planning Topics
Long-Term Care Insurance
Long-term care insurance helps pay for the help Medicare won't — in-home aides, assisted living, and extended nursing care — protecting your retirement savings from costs that in Utah can run from about $56,000 a year for assisted living to over $100,000 a year for nursing care. Coverage comes in a few forms, and the right one depends on your health, age, and goals.
Traditional vs. hybrid
Traditional long-term care policies offer the most coverage per premium dollar but rates can change over time. Hybrid life-with-LTC policies combine a long-term care benefit with a life-insurance death benefit, so a benefit is paid whether or not you need care. We compare both against your situation.
What it can pay for
Most policies pay a daily or monthly benefit once you need help with a set number of daily activities, usable for home care, assisted living, or nursing care. Utah costs (assisted living about $4,685/month; nursing-home semi-private about $100,375/year) show why that benefit matters. Source: CareScout (Genworth) Cost of Care Survey 2024 — Utah · carescout.com/cost-of-care
Questions, answered
Doesn't Medicare cover nursing homes?
Only short, skilled-care stays after a hospitalization — not long-term custodial care. Long-term care insurance is designed to fill that gap.
Is long-term care insurance worth it?
It depends on your assets, health, and family situation. For many Utah families it protects savings from costs that can exceed $100,000 a year. We walk through whether it fits — and what it would cost — with no pressure. Product availability and rates vary.
Talk to a Utah retirement & care planner
No pressure — we help you build a plan that fits Utah.