Shop for long-term care insurance in Miami or Ocala at 55 in good health, and expect to pay somewhere around $950 to $2,200 a year for a starter policy, according to the American Association for Long-Term Care Insurance’s most recent Price Index.
Women the same age usually pay more, often $1,500 to $3,750 a year for similar coverage, since they statistically use more years of paid care.
Wait until 65 to apply, and those same benefit levels can run $1,750 to $2,700 a year for a single policy, sometimes higher…