Rising long-term care costs and increased life expectancy have made Long-Term Care Insurance a practical and affordable solution for managing the physical, emotional, and financial challenges of aging and chronic illnesses.

LTC News has published its 2025 rankings of Long-Term Care Insurance providers, providing consumers with a comprehensive guide to the top options for preparing for future care needs and protecting their financial security.

The rankings highlight traditional Long-Term Care Insurance policies and hybrid solutions combining life insurance or annuities with long-term care benefits. It also reviews the top-ranking short-term cash indemnity plans that can help with escalating extended care costs that are not covered by health insurance and Medicare.

The annual report, developed with input from industry experts, financial planners, and care providers, provides insights into pricing, benefits, and flexibility. It also addresses the rising costs of long-term care and the importance of securing coverage to protect savings and access quality care services.

The top insurance companies paid an astonishing $14.1 billion in Long-Term Care Insurance benefits in 2023, with the 2024 numbers not expected to be released until sometime in 2025.

Aging Has Consequences

As we age, many individuals may require assistance with daily living activities or supervision due to conditions like dementia. Activities of Daily Living (ADLs) are basic self-care tasks essential for independent living, including bathing, dressing, eating, toileting, and mobility. Instrumental Activities of Daily Living (IADLs) are more complex tasks necessary for managing one's household and life, such as cooking, cleaning, managing finances, medication management, and using communication devices.

The ability to perform ADLs and IADLs is often used to assess an individual's functional status and determine the level of care they may need.

Dementia, a decline in cognitive function affecting daily life, is a growing concern among older adults. In 2024, an estimated 6.9 million Americans aged 65 and older are living with Alzheimer's disease, a common form of dementia. This number is projected to rise to nearly 13 million by 2050, according to the Alzheimer's Association.

This increase underscores the importance of understanding and planning for the care needs associated with dementia, particularly as it impacts the ability to perform ADLs and IADLs.

It's important to note that health insurance and Medicare typically cover only short-term skilled care and do not provide for long-term custodial care, which includes assistance with ADLs and IADLs.

Medicare covers short-term services like rehabilitation or skilled nursing care following a hospital stay, but it does not cover long-term care services such as ongoing assistance in a memory care facility or in-home care for individuals with dementia.

This gap in coverage means that individuals and families often need to explore other options, such as Long-Term Care Insurance to fund the necessary support for daily living activities as cognitive decline progresses.

LTC News emphasizes that LTC Insurance plays a critical role in financial planning as long-term care expenses continue to rise. The report encourages readers to explore the LTC News Cost of Care Calculator, which provides detailed costs for long-term care services nationwide and the projected costs based on location.

Consumers are advised to work with independent Long-Term Care Insurance specialists to find policies that fit their health, age, and budget. The 2025 rankings offer a starting point for comparing top providers and understanding key features such as inflation protection, shared spousal benefits, and flexible payment options.

For the full rankings, detailed reviews, and expert insights, read the full article on LTC News - Best Long-Term Care Insurance Companies: 2025 Provider Guide.

LTC Insurance Specialists Can Help

Matt McCann is a nationally known expert on long-term care planning and is licensed nationwide and in the District of Columbia. He says understanding the types of available products will help you choose the most affordable way to address the consequences of future long-term care.

"Long-Term Care Insurance can be a very affordable way to safeguard your future 401(k) from the rising costs of long-term care. Premiums can vary dramatically between insurance companies. It is important to find coverage ideally before you retire to find the most affordable options."

McCann represents the top-rate insurance companies that offer long-term care solutions. His innovative approach enables clients to consult with him via phone while viewing his computer screen, making the education, exploration, and selection of options convenient and transparent.

You can get free and accurate quotes from all the top companies, along with professional recommendations -  Free and Accurate Quotes.

Media Availability

McCann is available for radio, TV, and podcast interviews. He also speaks to groups and organizations worldwide on the issues of aging, caregiving, health, and long-term care. Contact McCann through his website for information.