Long Term Care Insurance for Couples
For married couples and partners, planning ahead for extended care is critical. Long term care insurance for couples offers a way to protect retirement savings while ensuring both spouses have coverage if care is ever needed. At Diversified Insurance Brokers, we help families compare LTC policies with shared benefits, spousal discounts, and flexible coverage options designed to safeguard your financial future.
Compare Long Term Care Insurance for Couples
Find the best LTC policies with shared benefits and spousal discounts to protect your retirement plan together.
Why Couples Need Long Term Care Coverage
The cost of extended care can quickly deplete retirement savings if only one partner is covered. Couples policies provide coordinated protection, ensuring that both spouses can access benefits when needed while reducing overall costs through discounts and shared riders.
Key Features for Couples
- Shared Benefits: Pool coverage between spouses so both can use the same benefit pool.
- Spousal Discounts: Many carriers offer 10–30% savings when both spouses apply together.
- Customizable Coverage: Choose daily benefits, elimination periods, and inflation protection tailored to your needs.
- Hybrid Options: Pair life insurance or annuities with long term care riders for added flexibility.
Sample Cost of Care for Couples
| Type of Care | Average Annual Cost | Why Coverage Matters |
|---|---|---|
| Home Health Care (Part-Time) | $60,000+ | Helps couples maintain independence at home |
| Assisted Living Facility | $55,000+ | Supports both spouses if one requires facility care |
| Nursing Home (Private Room) | $100,000+ | Protects retirement assets from being depleted by one spouse’s care needs |
Why Work With Diversified Insurance Brokers?
Since 1980, Diversified Insurance Brokers has specialized in helping couples secure affordable long term care solutions. With access to 75+ top-rated carriers, we compare traditional LTC policies, hybrid annuities, and linked-benefit products to find the most cost-effective way to protect both spouses. Learn more about long term care insurance and how it fits into your broader retirement planning strategy.
Protect Your Future Together
Compare LTC policies for couples and secure shared benefits and discounts to safeguard your retirement savings.
FAQs: Long Term Care Insurance for Couples
What is couples long-term care insurance?
It’s a plan designed for married couples or partners that covers both individuals under coordinated long-term care policies. This often includes features like shared benefit pools, spousal discounts, and policies that work together to protect both parties’ retirement savings.
What are shared benefits?
Shared benefits let both spouses draw from a joint pool of benefits, meaning one spouse could use more, and the other less—or vice versa—without needing separate full-policies. This flexibility can reduce overall costs.
How do spousal discounts work?
When both partners apply together, many insurance carriers offer discounts (often between ~10-30%) on premiums. Essentially, the insurer gives favorable pricing since both spouses are covered under coordinated coverage.
What customization options are available for couples?
You can choose daily or monthly benefit amounts, elimination (waiting) periods, inflation protection, and whether to include riders or hybrid options. Couples policies usually allow adjusting these features to match joint needs.
What are hybrid long-term care options?
Hybrid options combine LTC coverage with other insurance products—such as life insurance or annuities with LTC riders. They offer extra flexibility, especially if one partner ends up needing care or if unused benefits can carry forward or be converted.
Why is LTC coverage especially important for couples?
Because if only one partner is covered, the cost of care (for either partner) can erode shared retirement savings. Six-figure home health, assisted living, or nursing facility costs add up fast. Having both covered ensures joint protection.
How much does long-term care cost for couples?
Typical annual costs include
- Part-time home health: ~$60,000+
- Assisted living: ~$55,000+
- Nursing home (private room): ~$100,000+
These estimates highlight why adequate coverage is critical for couples.
How do I choose the “right” LTC policy as a couple?
Consider each partner’s health status, life expectancy, budget, amount of premium you can comfortably pay, benefit triggers, inflation protection, waiting periods, and whether you want shared benefits or hybrid options. Compare multiple carriers for best fit.
What are the trade-offs with shared benefit pools?
Shared pools can be efficient, but if both partners need care at the same time, the joint benefit may get used up faster. Also, policies and discounts may vary by state and carrier; features might differ so read the fine print.
How can couples lower their LTC insurance costs?
Some ways include applying together to get spousal discounts, choosing longer waiting periods (elimination periods), selecting inflation riders carefully, shopping hybrid policies, and considering carriers that offer good couple-oriented benefits.
