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Long-Term Care Insurance in Florida – Plan for the Care You May Need

With longer life expectancies, more Floridians are facing the reality of extended care needs—whether that’s in-home assistance, an assisted living facility, or full-time nursing care. In Central Florida, monthly nursing home costs can easily exceed $8,000. Health insurance and Medicare don’t typically cover this type of custodial care, leaving many families scrambling to pay for services. Long-term care insurance is designed to protect your savings and give you more control over where and how you receive care.

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Protect Your Future

Why Plan for Long-Term Care?

Without a plan, the high cost of care can quickly erode your retirement savings. Long-term care insurance:



  • Helps pay for care in your home, assisted living, or nursing facility

  • Reduces the financial burden on your spouse or family

  • Gives you more choices in the type and quality of care you receive

  • Protects your assets so you can leave a legacy rather than bills


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Understand Your Options

What is Long-Term Care Insurance?

Long-term care (LTC) insurance helps cover personal care services if you can’t perform two or more Activities of Daily Living (ADLs) such as bathing, dressing, or eating—or if you develop a severe cognitive impairment like Alzheimer’s. Policies pay a daily or monthly benefit for a set number of years or up to a total policy maximum. Benefits can be used for:



  • In-home care and home health aides

  • Assisted living facilities

  • Nursing home care

  • Memory care centers

  • Adult day care programs


Traditional LTC vs. Hybrid Policies

You have two main approaches to long-term care coverage:

01

Traditional LTC Insurance

Standalone coverage dedicated to long-term care expenses. Usually more affordable initially, but premiums can increase over time.

02

Hybrid Life/LTC or Annuity/LTC

Combines life insurance or an annuity with long-term care benefits. If you need care, you can use part or all of the death benefit or account value to pay for it. If you never use the care benefits, your beneficiaries receive the remaining death benefit.

Hybrid policies appeal to those who don’t want a “use it or lose it” scenario.

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Plan Early, Pay Less

When to Get Coverage & How Costs Work

The best time to buy long-term care insurance is when you’re healthy enough to qualify—often in your mid-50s to early 60s. Waiting until health issues arise can mean higher costs or denial of coverage. Premiums depend on:


  • Your age and health at application

  • The daily/monthly benefit amount

  • The benefit period (e.g., 2, 3, or 5 years)

  • Whether you add inflation protection

Our team can design coverage that fits your needs and budget, from comprehensive plans with lifetime benefits to shorter-term policies that protect against the biggest risks.

What LTC Insurance Covers

A well-designed policy may include:


  • Home health aide visits
  • Assisted living facility costs
  • Skilled nursing facility care
  • Respite care for family caregivers
  • Care coordination services
  • Home modifications for accessibility
  • Hospice care

We often recommend adding 3% or 5% compound inflation protection so your benefits keep up with rising care costs in Florida.

Extra Coverage

Our Long-Term Care Planning Service

  • Review your financial and family health history

  • Compare multiple carriers and policy types

  • Need a predictable “paycheck” to supplement Social Security or a pension

  • Help you understand benefit triggers and exclusions

  • Work with your family or financial advisor if you choose

If a traditional LTC policy isn’t right for you, we can explore hybrid life or annuity products with long-term care riders.

Frequently asked questions

Frequently Asked Questions – Long-Term Care Insurance

  • Does Medicare cover long-term care?

    No. Medicare covers short-term skilled care after a hospital stay, but not ongoing custodial care.

  • What’s the difference between long-term care and nursing home insurance?

    LTC insurance can cover a range of services, including in-home care and assisted living—not just nursing homes.

  • Can I buy coverage if I already have health issues?

    It depends on the severity. We can review your situation and see if traditional or hybrid policies are an option.

  • How long do benefits last?

    You choose the benefit period when you apply—typically 2 to 5 years, or in some cases, lifetime coverage.

  • Are there tax benefits to buying LTC insurance?

    Yes. Some premiums may be tax-deductible. Business owners may have additional advantages—ask our Tax Preparation Services team.

Secure Peace of Mind for the Future

Secure Peace of Mind

A well-structured long-term care plan can protect your independence, your assets, and your family’s peace of mind. Talk with a local LTC insurance agent in Winter Park who understands Florida’s care costs and options.

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