Loading...

Long-term care solutions

Get financial support for care at home, community living or facility care to ensure that you receive the support you need in elder years without burdening family members.

Schedule a consultation

Or call 1-855-863-9639 to learn more about your options.

What is long-term care?

Home care

Receive care in the comfort of your own home or the home of a family member or friend.

Community living

Pay for caregiving facilities such as adult day care and continuing care retirement communities for individuals who are active and able to live on their own.

Facility care

Receive care through assisted living or full custodial care services.

Who needs long-term care coverage?

Anyone can apply, but here’s who it will benefit most:

Those concerned about potential long-term care costs and would like more choice, control and flexibility over their future

Couples facing potential long-term care costs and would benefit from a shared pool of funds to cover care expenses

Case example

Jennifer, a 47-year-old professional, vividly remembers her parents’ struggles without long-term care coverage. The emotional and financial toll was immense, and she vowed to avoid the same fate. Jennifer chose a linked-benefit policy that offers flexibility, allowing her to choose between in-home care, assisted living or a nursing home, ensuring that she can maintain her dignity and independence. The premiums are affordable and adjustable, fitting her financial situation. Additionally, the tax advantages, such as potential deductions for premiums paid, make it a smart choice for managing future health care costs.

Read more long-term care examples

Our long-term care solutions

Long-term care

Nationwide CareMatters® provides long-term care coverage for an individual, with guaranteed premiums and benefits.

Long-term care for two

Nationwide CareMatters Together® provides long-term care coverage as a shared pool of benefits for couples. It has guaranteed premiums and benefits, and it pays a death benefit on the second person to pass away.

Long-term care add-on riders

The Long-Term Care Rider provides LTC coverage when added to one of our universal life insurance policies. It pays the entire death benefit income-tax free if long-term care is never needed.

computer icon

Long-term care basics

Visit our interactive website to learn more.

Interested in long-term care solutions?

Our knowledgeable service team is ready to help you understand your product options and choose what is right for you and your loved ones.  

Give us a call today a 1-855-863-9639 for a no-obligation consultation.

Long-term care resources

More questions you may be asking

Expand all

Pricing for long-term care insurance varies. Below are some factors that impact how much you’ll pay for a policy:

Age, health and gender

People who are younger and healthier typically pay less for long-term care insurance premiums. As age increases, the cost of insurance rises. In addition, women often pay higher premiums than men. This is because, statistically, they tend to live longer and are more likely to need long-term care.

Marital status

Some insurers offer premium discounts for married couples or partners who buy policies together.

Coverage amount and duration

Premiums increase with more comprehensive coverages (e.g., higher daily or monthly benefits) and a longer benefit period.

Elimination period

This refers to the waiting period before benefits kick in. Elimination period options typically range from 0 to 365 days, with lower premiums for longer periods.

Location

The cost of care can vary by region.

Riders and additional features

Optional policy features, such as shared care benefits, return of premium or nonforfeiture benefits, can add to the overall cost.

Long-term care coverage can range from personal care to home modifications or updates that need to be made to make it safe for you to remain there. Some policies will reimburse for long-term care expenses, while others will be the maximum benefit regardless of expenses.

Consider getting long-term care insurance in your 50s or even earlier, if your financial situation allows it. This is typically before health issues arise, allowing you to secure lower premiums and ensure coverage when needed. It’s a good option if you’re planning for both long-term care needs and legacy planning.

Medicare will cover long-term costs for only up to 100 days (after a 3-consecutive-day stay in a hospital under treatment). Long-term care coverage can pick up where Medicare leaves off.

Did you know?

73% of claims begin with care at home1

While most people think of a nursing home when you mention LTC, most care actually begins in a home-based setting and could continue there for a long time.

Funds for friends and family members

With Nationwide CareMatters®, you can pay friends or family members for the informal care they might provide or for home-based services.

Get expert help to guide your decisions
Schedule a consultation or call us at 1-866-207-9160.

[1] Long-Term Care Insurance Facts - Data - Statistics - 2022 Reports," aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2022.php (2022).

Loading...