Texas Senior Care and Housing Directory
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Long Term Care Insurance - Spring, TX

The Cost of Texas Long-Term Care Insurance

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Spring, TX Long-Term Care Insurance. Long-term care insurance (LTCI) policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to assist them with activities of daily living such as bathing. One of the six Activities of Daily Living (ADLs), dressing. While one-third may never need long term care, 20 percent will need it for longer than 5 years. The average length of time people need long term care services is 3 years. In Texas the average cost for 3 years of long term care is $229,950 ($76,650 per year) at 2020 rates. That cost is projected to be $415,314 ($138,438 per year) in 2040.


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