What Oklahoma Consumers Should Know Before Buying Long‑Term Care Insurance
About two years ago, I discussed long‑term care insurance and why it’s important for Oklahomans to understand how it works. That message remains just as relevant today—especially as our population continues to age. According to the Oklahoma Department of Human Services, the number of older Oklahomans is expected to grow by 21.3% by 2034. For the first time, adults 65 and older are projected to outnumber children in our state. With these shifts in mind, now is a good time to revisit long‑term care insurance.
What is long‑term care insurance?
Long‑term care insurance helps pay for care that supports daily living activities over an extended period. This can include services such as home care, nursing home care, assisted living care, or adult day health programs. Policies may cover one or several types of care. It’s important to note that long‑term care insurance does not replace coverage offered by major medical policies, Medicare Advantage plans, or accelerated death benefit products.
How much does long‑term care cost?
Long‑term care can be expensive. The ElderCareCosts 2026 Cost of Senior Care Index shows just how quickly these expenses add up. In Oklahoma, in‑home care averages $6,292 per month, or $75,504 a year. These figures are medians and can vary widely depending on where you live and the level of care you need.
Does Medicare cover long‑term care?
Medicare generally does NOT cover long‑term custodial care, which is the most common type of care older adults need. Medicare Part A may cover short‑term skilled nursing facility care, hospice care, or limited home health services if specific conditions are met. Some residents may qualify for long‑term care through Medicaid based on income and assets. Others may choose to purchase a private long‑term care insurance policy for additional protection.
Do I need long‑term care insurance?
Your need for long‑term care insurance depends on several factors:
- Your current health. If you have medical conditions or expect to need help with daily activities later in life, long‑term care insurance may provide valuable support.
- Your age. The likelihood of needing care increases with age, and premiums are often more affordable when purchased earlier.
- Your financial situation. Long‑term care insurance may be a good fit if you can manage the premiums and want to protect your savings or assets from future care costs.
What resources are available to Oklahoma consumers?
The National Association of Insurance Commissioners (NAIC) offers a comprehensive Long‑Term Care Insurance Shopper’s Guide that explains coverage options and answers common questions. The U.S. Department of Health and Human Services also provides a Long‑Term Care Pathfinder tool to help you locate services and explore care choices.
Long‑term care decisions can feel overwhelming, but you don’t have to navigate them alone. The Oklahoma Insurance Department is here to help you understand your options and make the choice that’s right for you and your family. We’ll show you the way! Call 800‑522‑0071 or visit oid.ok.gov.
Media questions or comments should be directed to
Chief of Communications, Liz Heigle
Liz.Heigle@oid.ok.gov | (405) 819-2221
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