Colorado Long-Term Care Insurance

Long-term care insurance helps pay for the medical and nursing care for those with disabilities or chronic illnesses. It also helps pay for nursing home stays for the elderly. Ordinary health insurance and Medicare don't pay for these long-term expenses and Medicaid only pays if you've exhausted your savings or other assets.

The best time to buy a long-term care (LTC) policy is in middle-age. At that point, the chances of being eligible for coverage are greatest and the premium costs are lower. LTC coverage is a smart financial purchase, as it can help keep your from depleting your retirement savings too early.

Long-term care insurance is not cheap, and as a guideline, try to keep the premium to 7 percent of your income or less. When buying a LTC policy, keep in mind that the income used in the calculation is your retirement income, not your current income.

How to save on long-term care insurance in Colorado


Buying long-term care coverage is a good decision, especially if you're young and healthy, and there are ways to reduce the cost of your policy.

  • Buy a longer waiting period. Long-term care policies typically have a selectable waiting period until coverage kicks in. By purchasing a longer waiting period, 90 days instead of 30 days, you can reduct the premium substantially. Just make sure you have enough money to pay the expenses during the longer period.
  • If you're married, buy a joint policy. The cost of one joint LTC policy versus two individual policies is lower. The policy will pay when either of you need coverage, and both if necessary, up to policy limits.
  • Buy yourpolicy when you're younger. As stated earlier, long-term care policies are more expensive the older you are. By planning well in advance and buying a policy in your 40's or 50's, you can reduce the cost of your LTC policy substantially.
  • Stay healthy! As with life insurance and health insurance, your insurability is a factor in buying LTC coverage. If you already have certain illnesses, you may not qualify for LTC coverage. So keep yourself in shape and get the lowest cost long-term coverage possible.
  • Compare your options. There are many companies that offer long-term care insurance in Colorado. By getting comparison quotes from several companies, you can make an informed buying decision and buy a policy that fits your needs and your budget.

Get Colorado long-term care insurance quotes now!

Affordable Colorado long-term care insurance is available from many insurance carriers. By pricing policies from different companies, you can help ensure you receive the lowest rate possible.

Compare multiple quotes from long-term care agents by completing one simple quote form. To begin, simply enter your Zip Code to the left and start your quote.

You can also view the top Colorado companies for:

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Colorado Insurance - Auto, Home, Life, more!

Find Colorado Long-Term Care Insurance

    Some people prefer to work with a local insurance agent. Browse our Colorado insurance agency directory for a list of insurance agents near you.
Insurance Agents in CO
Farmers Insurance Group of Companies

5376 Tomah Drive Suite 201
Colorado Springs, CO 80918

Farmers Insurance Group - Boulder- Cox Curtis J

5387 Manhattan Circle
Boulder, CO 80303

Irongate Financial Service

6500 South Quebec Street Suite 205
Englewood, CO 80111

Geico Insurance

1835 South Academy Boulevard
Colorado Springs, CO 80916

Farmers Insurance Group of Companies

729 Main Street
Windsor, CO 80550

McKay Insurance Agency

347 3rd Street
Fort Lupton, CO 80621

Insurance Services Group

4900 South Monaco Street
Denver, CO 80237

Allstate Insurance - James S. Muniz

950 Wadsworth Blvd Ste 313
Lakewood, CO 80214