MassMutual: Compare Long Term Care costs from state to state

STATE

State Average Costs:
XX,XXX- XX,XXX

Care Type Cost

Informal Care $0

Home Care 0

Assisted Living 0

Nursing Home 0

Monthly Yearly

Inform your clients that:

Costs provided are estimates and should be considered hypothetical. Actual long term care costs will likely vary.
Medicare and other retiree health plans typically do not cover the cost of long term care.
Metro areas are based on Metropolitan Statistical Areas (MSA). Some MSAs cross state borders.
Long term care cost projections – including state average and metro area costs – are provided by HealthView Services. Home care, Assisted Living, and Skilled nursing home costs and inflation rates are based on HealthView’s analysis of publicly available cost of care survey’s from 2016 to 2021 and Informal Care costs and inflation rates are based on HealthView’s periodic analysis of Bureau of Economic Analysis (BEA) data.
Assisted Living Facility costs are based on costs per metro region. Nursing home rates are based on average daily rates multiplied by 365 days per year.

MM202602-303178

This interactive calculator is a self-help tool and is not intended to provide financial advice or product recommendations. The results and explanations generated by this calculator are based upon, and will vary due to, your input and certain assumptions made by us. All projections are hypothetical in nature, do not reflect actual results, and are not guarantees of future results. MassMutual will assume no liability for the use or reliance of this calculator. For a more accurate and detailed analysis specific to your circumstances we encourage you to contact a qualified financial professional.

The information provided is not written or intended as specific tax or legal advice. MassMutual, its subsidiaries, employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to see advice from their own tax or legal counsel.

HealthView Services (also referred to as HVS) is a leading producer of healthcare cost-projection software. Cost analyses provided by HealthView Services are provided via a services agreement with MassMutual. HealthView Services is an independent firm and is not affiliated with MassMutual.