Instructions

icon for instructions This tool will help you determine how much money you would need to save with what frequency and at what rate of return to cover your total cost of care. Note: Before using this tool, we recommend you first use the Cost of Care Tool to find the total cost of care in your area.

To use this tool:

  1. Enter the estimate for your total cost of care. This means the cost across the total number of years you estimate you will need care. Note: If you used the Cost of Care Tool, this number will already be populated for you based on your previous selections.
  2. Select your birth date.
  3. Enter the age you think you might begin needing care.
  4. Enter your total current savings that can be used to pay for your potential future long term care needs.
  5. Enter the amount, rounded to the nearest dollar, you think you can reasonably save each month just for your potential future long term care needs.
  6. Enter the yearly percentage return you expect to get on this savings.
  7. Click the "Calculate Self-Funding" button to continue.
call us 1-800-582-3337 TTY: 1-800-843-3557

 

Self-Funding Tool


One option for paying for long term care is to set aside a certain amount of money each month, starting now. Use the tool below to help you determine if this is a viable option for you.

 
(If you haven't already, use the Cost of Care Tool
to get this amount.)
  Select your birth date:
 
 
 
 
(Enter this number as a percent, e.g., 4%.)