Scripps Gerontology Center

Fast Facts about Aging in Ohio

How much does long-term care insurance cost in Ohio?

Long-term care insurance premiums vary greatly depending on the level of coverage, age and health status of consumer at the time of purchase, risk factors (such as smoking) and whether the policy has inflation protection. The chart below illustrates how age and coverage levels influence the cost of long-term care insurance.




Source: Ohio Department of Insurance (2002). Medsup policies & premiums. Retrieved October 23, 2002, from http://www.ohioinsurance.gov/consumerserv/

The table below shows how insurance premiums vary according to age and existence of inflation protection coverage.

Chart: Average Policy of the Six Leading Long-Term Care Insurance Sellers in Ohio, 1999

For more information on long-term care insurance in Ohio, click on Long-Term Care Insurance in Ohio by Shawn Davis (2002). Also click on Ohio Long-Term Care Factbook by L.D. Murdoch & contributors (2002).

 

 

 

 

 

 

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