Florida has long been a magnet for retirees, and as the state’s population ages, the demand for long-term care insurance (LTCI) is rising fast. Yet, Florida long-term care insurance cost comparison 2025 data reveals premiums that are all over the map—ranging from surprisingly affordable to eye-wateringly expensive. The difference often comes down to the company you choose, the policy design, and the discounts you unlock. In the next few minutes you’ll learn exactly how to price-shop like an industry insider, identify the cheapest plans, and lock in savings before age or health pushes premiums even higher.
Understanding Florida Long-Term Care Insurance in 2025
Market Snapshot
Florida’s LTCI marketplace in 2025 consists of:
- Traditional standalone policies from legacy carriers such as Genworth, Mutual of Omaha, and National Guardian Life.
- Hybrid life + LTCI policies offered by New York Life, Lincoln Financial, and State Life.
- Short-duration “recovery care” plans (6–12 months of benefits) sold by carriers like United of Omaha and MedAmerica.
- Partnership-qualified plans that protect assets from Medicaid spend-down.
Cost Drivers Unique to Florida
Three Florida-specific factors push premiums higher or lower than the national average:
- Longevity advantage: Florida retirees live 1.8 years longer than the U.S. average, increasing the chance of a claim.
- High home-health demand: Roughly 73 % of first claims in Florida begin with home care, which is more expensive here because of hurricane-related caregiver shortages.
- Regulatory climate: The state mandates generous inflation-protection options (CPI or 3 % compound) for Partnership policies, adding 8-12 % to base rates.
Key Components of a Florida LTCI Policy
Benefit Triggers and Daily Benefit Amount
Florida adopts the HIPAA standard triggers: you qualify if you cannot perform at least two of six activities of daily living (ADLs) or have severe cognitive impairment. The daily benefit amount (DBA) you choose—$100, $150, $200, etc.—is the single biggest lever affecting premium. A $150 DBA costs roughly 30 % less than a $200 DBA at most carriers.
Benefit Period and Pool of Money
- Benefit period choices: 2, 3, 4, 5 years or “unlimited.”
- Pool of money formula: DBA × 365 × benefit period. For example, $150 × 365 × 3 years = $164,250 pool.
Most Floridians pick 3-year plans because the average duration of care is 2.7 years for women and 2.2 years for men.
Inflation Protection
| Inflation Option | 2025 Extra Cost vs. None | Who Should Consider It |
|---|---|---|
| 3 % Compound | +53 % | Buyers under age 65 |
| 3 % Simple | +28 % | Ages 65-70 |
| CPI Linked | +43 % | Anyone wanting Partnership plan |
Elimination Period
The elimination period (deductible measured in days) is often 90 calendar days in Florida. Choosing 180 days can cut 10-15 % off annual premium; 30 days adds about 12 %.
2025 Price Comparison: The Cheapest Plans in Florida
Methodology
Rates below are based on a healthy, married 55-year-old female in Orlando ZIP 32801 requesting a $150 daily benefit, 3-year benefit period, 3 % compound inflation, 90-day elimination period. Quotes pulled April 2025 from each carrier’s filed rate schedule.
| Carrier & Plan | Annual Premium | Partnership Qualified | Financial Strength (AM Best) |
|---|---|---|---|
| National Guardian Life (Premier Care) | $1,874 | Yes | A |
| Mutual of Omaha (Secure Solution Flex) | $2,043 | Yes | A+ |
| Genworth (Privileged Choice Flex 3.0) | $2,391 | Yes | B++ |
| Bankers Life (ClassicCare Plus) | $2,640 | Yes | B |
| Transamerica (TransCare III) | $2,712 | No | A |
Key takeaway: National Guardian Life is the least expensive traditional policy for our sample buyer, beating the next-closest carrier by 8 %.
Hybrid Policy Comparison (Single-Premium Life + LTCI Riders)
Hybrids let you reposition $75 k–$150 k from CDs or annuities. Here are the three most competitive hybrids sold in Florida:
| Carrier & Product | Single Premium Paid-Up | Total LTC Pool | Lincoln Benefit Years |
|---|---|---|---|
| Lincoln MoneyGuard® III | $100,000 | $412,500 (6 years) | 6 years |
| State Life Asset-Care IV | $100,000 | $360,000 (4 years) | 4 years |
| New York Life MyCare Plus | $100,000 | $300,000 (3 years) | 3 years |
How to Slash Premiums: 7 Actionable Strategies
1. Marital & Household Discounts
Carriers grant up to 30 % off when both spouses apply—even if only one is approved. If you’re single but have lived with a partner for ≥3 years, Mutual of Omaha and National Guardian Life allow a “Qualified Domestic Partner” discount of 15 %.
2. Choose Shared-Care
Rather than two separate $150,000 pools, couples can buy a single $300,000 shared pool. Doing so trims 18-25 % off combined premiums while tripling the chance one partner has enough benefits.
3. Reduce the Monthly Benefit, Not the Pool
Instead of $150/day, elect $4,500/month. Since most claims start at lower monthly levels and ramp up, you keep the same total pool but cut 7-10 % of cost.
4. Lengthen the Elimination Period Strategically
If you have an HSA with $10 k+, you can self-fund the first 180 days of care, allowing you to reduce premium by 12-15 %.
5. Buy Before Major Rate Increases Hit
At least five carriers filed for double-digit increases (Genworth 18 %, Mutual of Omaha 12 %) scheduled to take effect July 2025. Locking in now freezes the lower rate class.
6. Use Florida’s Long-Term Care Partnership Calculator
The state offers a free web tool that shows exactly how much of your assets are protected at each daily benefit level. Selecting the minimum Partnership DBA for your county (e.g., $140 in Orange County, $130 in Alachua) can reduce premium without losing Medicaid asset protection.
7. Opt for Spouse Survivorship
If you die first, your surviving spouse’s future premiums are waived for life. The rider adds ~4 % to combined premium but eliminates the risk of a surviving spouse being priced out of coverage.
Benefits and Importance of Having Coverage in Florida
Asset Protection
Florida’s homestead exemption protects your primary residence from most creditors, but it does not shield the home from Medicaid estate recovery if you receive long-term care benefits after age 55. A Partnership policy shelters one dollar of assets for every dollar paid out in benefits, potentially saving heirs hundreds of thousands.
Choice of Care Setting
Without insurance, 62 % of Floridians are forced into nursing homes when they can no longer stay at home. With an LTCI policy, home care or assisted living is the starting point for 78 % of claims.
Inflation Hedge
A 55-year-old buying a $150 daily benefit with 3 % compound inflation will have $243/day at age 75. That’s a 62 % increase—far outpacing the 45 % rise in nursing-home costs forecast over the same period.
Practical Applications: Real-World Scenarios
Scenario 1: Single 60-Year-Old Female in Tampa
- Goal: Cheapest Partnership-qualified plan.
- Best Quote: National Guardian Life at $2,118/year for $140 daily, 3 years, 3 % compound inflation.
- Savings Achieved: $1,140/year versus Genworth quote.
Scenario 2: Married Couple, Ages 58 & 60, Naples
- Goal: Shared-care pool to cover both spouses.
- Plan: Mutual of Omaha Shared-Care, $200 daily, 5-year shared pool, 3 % compound.
- Combined Premium: $4,796/year with 30 % marital discount.
- Without shared-care, two identical separate policies would cost $7,220.
Scenario 3: 70-Year-Old Widower, Miami-Dade
Because of health issues, he was declined for traditional LTCI but approved for a short-duration recovery care plan from MedAmerica. For $1,320/year he gets 12 months of home health aide at $150/day—enough to cover hip-replacement recovery without liquidating CDs.
Frequently Asked Questions
What is the average cost of long-term care in Florida?
In 2025, the median annual cost is $127,750 for a private nursing home and $64,064 for assisted living. Home-health aides run $30/hour statewide, or roughly $5,800 per month for 8-hour days.
At what age should I buy long-term care insurance in Florida?
The “sweet spot” is between 55 and 62. Before 55, the low annual premium is offset by decades of payments. After 62, the chance of a health decline causing rate-up or decline rises sharply.
