Long-Term Care Insurance
Personal and Financial Protection for the Long Term
Long-Term Care Insurance (LTC) in Missouri helps provide for the medical expenses of extended home health care or nursing home costs beyond a specified period.
In general, individuals who require Long-Term Care are those who can no longer take care of themselves and are unable to perform the basic activities of daily living without assistance.
The costs of Long-Term Care can be quite expensive, and are typically not covered under basic Health Insurance or Medicare. Long-Term Care Insurance from Hutchison Insurance Group can protect your family’s financial future by providing valuable coverage benefits for costs associated with:
- Home Care
- Assisted Living
- Adult Daycare
- Hospice Care
- Nursing Homes
- Respite Care
Understanding Long-Term Care Insurance in Missouri
If you’re considering Long-Term Care Insurance, it’s important to understand the latest policy options and how they address the costs of extended care. Hutchison Insurance Group can help you find the right approach and determine if long-term care should be included in your coverage.
Hutchison Insurance Group only works with carriers that maintain top-rated financial ratings, safeguarding your coverage and providing genuine peace of mind.
Types of Long-Term Care Insurance
Tax Advantages
Deductible Premiums: For 2025, tax-qualified premiums are deductible up to IRS limits—$4,810 for ages 61–70 and $6,020 for those over 70; these limits may double if married.
Tax-Free Benefits: Benefits are generally received tax-free up to federal daily limits.
How to Pay for Long-Term Care
Long Term Care Insurance
- Preserves assets and offers flexibility in provider selection
- Provides valuable tax and financial advantages
Medicaid (MO HealthNet)
- Available to those with minimal income and assets
- Strict asset rules and five-year look-back for asset transfers
Self-Insure / Self-Pay
- Substantial personal savings required
2025 Missouri average yearly costs:
Home Health Aide: $77,796
Assisted Living: $70,800
Nursing Home (Semi-private): $111,324
Nursing Home (Private): $127,752
Who Is Long-Term Care Insurance Designed For?
Long-Term Care Insurance is especially beneficial for:
- Farmers and business owners.
- Individuals or couples with moderate to significant assets who want to protect their finances and maintain control over care choices.
- Those seeking flexibility to preserve wealth or focus on estate planning.
- People who do not qualify for Medicaid and do not want personal savings depleted by care costs.
How Are Benefits Triggered?
Benefits typically begin when:
- Substantial help is needed with at least two of six Activities of Daily Living (ADLs): bathing, dressing, eating, toileting, transferring, or continence.
- Severe cognitive impairment requires supervision.
Most policies include an elimination (waiting) period, usually 30–90 days after qualification.
Plan Confidently
As your life changes—whether it’s family growth, business developments, or new property—you may need to revisit your insurance strategy.
Reach out to Hutchison Insurance Group to create a long-term care plan designed around your needs. Invest in security for yourself and those who matter most.
Contact Hutchison Insurance Group today to protect your future.
Start Your Long-Term Care Insurance Quote
Hutchison Insurance Group makes the process of finding the best Long-Term Care Insurance company and price easy. We do all the heavy lifting for you!
Note: Policy guarantees and benefits are ultimately backed by the claims-paying ability of the issuing insurance company, not the agency or broker. This ensures clarity so you can make informed financial choices.
