Why do women pay more for long-term care insurance?

Women pay higher long-term care premiums — frequently 30% to 50% more than men for the same coverage — for one main reason: they live longer and use more long-term care. Women account for the majority of claims and benefit dollars paid.

Before 2013, insurers charged unisex rates. As claims data showed how much more women cost to insure, most carriers moved to sex-distinct pricing, which raised women's premiums.

One way for a woman to offset this is to apply as a couple, where spousal discounts can meaningfully reduce the combined cost.

General information only. This is educational and not insurance, legal, tax, or financial advice. Rules and products vary and change — confirm the specifics with a licensed professional.