What are my long-term care insurance needs?

There are basically three ways to fund your long-term care needs: self-insure, qualify for Medicaid, or obtain long-term care insurance. Use this calculator to determine your potential long-term care needs and how long your current assets might last.
Age, Savings and Assumptions
Your current age 
Age estimated to begin long-term care 
Annual cost of long-term care in today's dollars ($) 
Annual long-term care inflation (%)help
Number of years estimated to need long term care 
Value of funds already set aside by you for long term care ($) 
Recommended Savings Assumptions
Before-tax return (%)help
Marginal tax bracket (%)help
Annual increases (%)help
   
All calculators and tools are supplied as a courtesy only. FHB is not responsible for the accuracy or completeness of information that you provide or information generated by the calculators. Please check your records carefully before inputting your information into the calculators or tools. All projected rates and results are estimates, are examples only, and are necessarily hypothetical in nature. No results are guaranteed. The output of the tools and calculators may vary with each use and over time. The output and results should not be construed as financial, legal or tax advice, and the calculators and tools are not intended to replace the advice of qualified professionals. You should not rely on the calculators and tools as your only source of information. You should consult with a qualified professional of your choice whenever specific advice is necessary or appropriate.

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