Supplemental · Long-Term Care
Long-Term Care
Covers home health, assisted living, and nursing home care — Medicare doesn't.
Why most NJ retirees need this
About 70% of people 65+ will need some form of long-term care in their lifetime. The average NJ assisted-living facility runs $7,000-$10,000/month; a private room in a nursing home is closer to $13,000/month. Medicare doesn't cover any of it past 100 days of skilled care, and Medicaid only kicks in after you've spent down to near-zero assets.
Long-term care insurance fills that gap. Modern plans are typically hybrid LTC + life insurance — a death benefit if you never need the care, accelerated as LTC benefits if you do. This avoids the "use it or lose it" problem of older standalone LTC products.
Premiums depend heavily on age and health. The sweet spot to lock in coverage is your mid-50s to early 60s. We'll show you what's available and what makes sense for your asset base.