Texas Cost of Long Term Care

The Texas statewide median cost of care is nearly $85,000/year for a nursing home, but there are differences from region to region.  For example, Austin boasts a more expensive assisted living median cost, while San Antonio's nursing homes are the priciest in Texas.

Proper Long Term Care planning requires strategic thinking about your retirement.  If you're fairly sure you'll be in Austin, you should consider buying a larger amount of coverage than if you're from a more affordable area elsewhere in the state.  It's also important to keep in mind that not everyone buys a Long Term Care Insurance policy to cover every last penny of their expected expenses.  Many in Texas opt to have the LTC insurance coverage take a large bite out of the cost, and cover any additional expenses from their own retirement income.  Since there's always the chance you buy this and never use it, thinking of it as a hedge against the risk can sometimes make sense.

What Coverage Texans Are Buying in 2020

A recent study of our Texas customers' buying patterns revealed that Texans insure anywhere from $150/day to $250/day in benefits, with the average being $177/day of coverage.  To someone in their 50s or 60s, this sounds woefully inadequate for use in the future.  Keep in mind, though, that these policies can be written to include an automatic annual increase of 3% compounded of your benefits if you opt for an inflation protection rider.

Not sure where to start?  Start a free quote below on our site and we'll guide you through a few plan options so you can see what various levels of coverage cost.

Map of LTC Costs in Texas