Long-Term Care Insurance Fit Planner
See whether a long-term care insurance policy's benefits will cover your expected care costs, and whether the premiums fit your retirement budget.
Quick answer: Compare long-term care insurance premiums with inflation-adjusted benefits, expected care costs, elimination-period cash needs, self-insurance gap, and premium affordability before buying a policy. Enter premium, years before care, daily benefit, and benefit period to personalize the estimate. It returns inflated benefit, total benefit available, and care gap after policy so you can compare the impact before choosing a next step. Use it to compare long-term value, tax impact, risk, time horizon, and contribution choices.
This long-term care policy provides $341,195 of modeled benefit, leaving $0 of care gap.
Build this care plan in Money Map
- 1
Compare policy benefit to care gap
Use inflated benefits and expected care cost instead of premium alone.
- 2
Fund the elimination period
Keep cash available for care before benefits begin.
- 3
Check premium affordability
Avoid buying a policy that strains retirement income before care is needed.
This is an educational estimate, not tax, legal, investment, or lending advice. Tax rules, rates, and eligibility change and depend on your full situation. Confirm with a qualified professional or the provider before acting.
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Reviewed Sep 23, 2026 · Methodology
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Everything you need to know.
What does an example Long-Term Care Insurance Fit Planner calculation look like?
Why does the benefit amount change between now and when I need care?
What is the elimination period and why does it matter?
Is the Long-Term Care Insurance Fit Planner free to use?
Does using the Long-Term Care Insurance Fit Planner affect my credit score?
Are the results personalized financial advice?
What should I do after seeing the result?
How does SwitchWize choose related offers?
How fresh are the rates and offers shown?
Where can I see the ranking methodology?
Can Money Map use this result?
Why This Matters
Long-term care is expensive and often unexpected, but insurance premiums rise with age and health changes, so the fit between what you'll pay now, what you'll receive later, and what care actually costs determines whether a policy makes financial sense. This calculator bridges those three timelines by adjusting benefits for inflation, accounting for the elimination period you'll self-fund, and measuring premiums against your retirement income so you can decide before committing to years of payments.
How to Use It
- 1Enter your annual premium amount.
- 2Enter how many years you expect to pay premiums before needing care.
- 3Enter the daily benefit amount the policy will pay once a claim begins.
- 4Enter the benefit period: how many years the policy will pay out.
- 5Enter the annual percentage increase applied to your daily benefit over time.
- 6Enter your expected monthly care cost when you need it.
- 7Enter the elimination period in days: the time you'll pay out-of-pocket before insurance kicks in.
- 8Enter your savings available to cover care costs upfront.
- 9Enter your annual retirement income to measure premium affordability.
- 10Review all nine outputs: total premiums paid, your benefit amount adjusted for inflation, total benefit available, expected care cost including the elimination period, the remaining care gap, cash needed for the elimination period, what you'd need to self-insure, your premium-to-income ratio, and how many times the total benefit exceeds premiums paid.
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