I saw a billboard today for something called the Texas Long Term Care Partnership. Turns out it's a creation of the Texas Department of Insurance.
I generally have low expectations for a Texas state agency web site, but this one is pretty good. You can pick among several sample policies and it will display a grid showing the companies that offer that policy and the premiums for different policyholder ages.
Sample Premium Rates : How Much Does It Cost? : Long-Term Care Insurance : Own Your Future | Texas Long-Term Care Partnership
I'm not shopping for a policy right now. But if I was, this is the kind of descriptive information and price comparison data I would be looking for before contacting a broker for advice and a quote.
Even though the data is for policies issued in Texas, I suspect the differences from state to state would be relatively small.
One thing I learned is that there are "tax-qualified" policies, where the premiums paid can be counted as a medical expense for tax purposes. I assume this is subject to the medical deduction AGI test (2%?). But maybe qualified LTC premiums are also a valid expense that could be paid from a tax-free health account?
Anybody have tips on doing something clever with a tax return and LTC premiums?