New Jersey Long Term Care Insurance
Learn about New Jersey long term care insurance. Get expert guidance and free quotes from LTC Tree.
New Jersey Medicaid's long-term services and supports spending ranks among the largest state LTSS programs nationally in absolute dollars, per KFF State Health Facts — a reflection of both the state's size and the high per-person cost of nursing-facility and home-based care in the Garden State. Roughly 70% of adults who reach age 65 will need some form of long-term services and supports during their lifetime, per the federal longtermcare.gov planning resource, and facility-level staffing, inspection, and Medicare payment data for every certified New Jersey skilled nursing facility is published through Medicare.gov's Care Compare.
New Jersey's 65-and-older cohort is the fastest-growing age group in the state, per the New Jersey Division of Aging Services, and U.S. Census Bureau population estimates show that trend continuing through the decade as Baby Boomers age into the care-risk years.
What Long-Term Care Costs in New Jersey
Data as of April 2026. New Jersey's long-term care costs run well above national medians. Medicare.gov Care Compare publishes facility-level inspection, staffing, and Medicare payment data for every certified New Jersey skilled nursing facility, and pricing varies substantially by county — northern counties (Bergen, Essex, Morris, Union) typically price higher than southern counties (Atlantic, Cumberland, Cape May).
A useful framing: a single year of private-room nursing care in New Jersey commonly exceeds the annual median household income of the state. Home health aide services, while cheaper than facility care, still represent a significant multi-year exposure for families who want to keep a parent at home. Because the exact monthly number varies by facility, ZIP code, and room type, we pull current county-level pricing into your personalized quote rather than publishing a static table here.
On the public-pay side, KFF State Health Facts tracks New Jersey Medicaid LTSS spending per beneficiary, which reflects both the state's population size and high per-person costs for nursing-facility and home-and-community-based services.
Paying for Long-Term Care in New Jersey
Long-term care in New Jersey is funded through four channels: out-of-pocket savings, long-term care insurance (traditional or hybrid), Medicaid after a spend-down, and limited Medicare coverage for short post-hospital rehab stays only. Medicare does not pay for custodial long-term care.
New Jersey Medicaid and MLTSS. New Jersey delivers nearly all of its Medicaid long-term services through NJ FamilyCare Managed Long Term Services and Supports (MLTSS), a managed-care program that covers nursing facility care, assisted living, and home- and community-based services through contracted managed care organizations. To financially qualify, a single applicant must generally meet New Jersey's $2,000 asset limit (with a higher allowance for a community spouse under federal spousal-impoverishment rules) and meet a clinical nursing-facility level-of-care standard. The applicant's primary residence is generally exempt up to federal home-equity limits while a spouse or qualified dependent lives there.
New Jersey Long-Term Care Partnership Program. New Jersey operates an active Long-Term Care Insurance Partnership program through the Department of Banking and Insurance. Partnership-qualified policies give policyholders a dollar-for-dollar Medicaid asset disregard: every dollar a Partnership policy pays in benefits is a dollar of personal assets the state will not count when determining Medicaid eligibility and will not pursue in estate recovery. Applicants under age 61 must include compound inflation protection for their policy to qualify; applicants 61 through 75 need some form of inflation protection for at least the first five years; applicants 76 and older are not required to include inflation protection to qualify.
Other state resources. The New Jersey Division of Aging Services operates Aging & Disability Resource Connection (ADRC) offices in every county, and the state Office of the Long-Term Care Ombudsman advocates for residents of nursing homes and assisted-living facilities.
Long-Term Care Insurance Options for New Jersey Residents
Over the last fifteen years several household-name carriers — including Genworth, MetLife, Prudential, John Hancock's individual line, MassMutual, and Transamerica — stopped issuing new stand-alone long-term care policies. That shift pushed the New Jersey market toward a smaller group of traditional carriers still writing new business and a growing list of hybrid life-insurance-with-LTC and annuity-with-LTC products.
Because carrier filings in New Jersey change as companies add, pause, or withdraw products, we don't publish a static carrier list here. The authoritative source for who is currently authorized to sell long-term care insurance in New Jersey is the NJ Department of Banking and Insurance. Our licensed specialists pull current New Jersey filings at the time of your quote so the comparison reflects products you can actually buy today.
What Drives Your New Jersey LTC Premium
Because New Jersey's private-room nursing costs run well above national medians, the daily benefit amount you need is typically larger than in lower-cost states — which is the single biggest lever on premium. Beyond that:
- Issue age and current health underwriting class
- Daily or monthly benefit amount and pool of funds
- Benefit period (typically 2 to 6 years)
- Elimination period (usually 90 days)
- Inflation protection (required for Partnership certification under age 61)
- Marital / partner discount and household discount
- Carrier choice and product chassis (traditional vs. hybrid)
Use the quote form on this page to see personalized New Jersey numbers from the carriers currently writing in the state.
Tax Benefits for New Jersey Residents
State tax treatment. New Jersey imposes a state personal income tax and allows a deduction on Form NJ-1040 for unreimbursed medical expenses that exceed 2% of New Jersey gross income, which can include qualified long-term care premiums within statutory limits. Because the mechanics and limits can change year to year, confirm the current-year treatment with the New Jersey Division of Taxation or your tax preparer before filing.
Federal treatment. For 2025, the IRS eligible long-term care premium limits (per IRS Rev. Proc. 2024-40, Section 3.24) are:
| Age at End of Tax Year | 2025 Eligible Premium Limit |
|---|---|
| 40 or under | $480 |
| 41 through 50 | $900 |
| 51 through 60 | $1,800 |
| 61 through 70 | $4,810 |
| 71 and older | $6,020 |
Premiums on tax-qualified long-term care policies up to these age-based limits count as deductible medical expenses on Schedule A, subject to the 7.5%-of-AGI floor. Business-owner and self-employed rules differ and can be more favorable.
Ready to Compare New Jersey Quotes?
Because New Jersey pairs Partnership-program asset protection with some of the highest nursing-home costs in the country, running real numbers early — while your health still supports favorable underwriting and while issue-age premiums are at their lowest — is the fastest next step. Use the quote form above to see current Partnership-qualified options for your age, health, and family situation.
Disclaimer
This page is educational and general in nature, not a solicitation or offer of a specific insurance product, and not tax or legal advice. Long-term care insurance availability, pricing, and underwriting vary by carrier, state, and applicant. For personalized guidance, contact a licensed specialist. For current authorized carriers in New Jersey, consult the New Jersey Department of Banking and Insurance.
New Jersey Long Term Care Insurance FAQs
How much does long term care insurance cost in New Jersey?
Premiums in New Jersey depend on age at application, health, benefit amount, and inflation protection. Most New Jersey residents pay between $1,500 and $4,500 per year for a comprehensive policy, and the cost is locked in when you apply. Applying earlier and in better health typically results in the lowest New Jersey LTC insurance rates.
Does New Jersey have a Long Term Care Partnership program?
Most states including New Jersey participate in the federal/state Long Term Care Partnership program. A Partnership-qualified policy in New Jersey lets you protect assets equal to the benefits your policy pays out if you ever need to apply for Medicaid, on top of the usual Medicaid asset limits. Ask your specialist whether a given carrier's policy is Partnership-certified in New Jersey.
What does long term care insurance cover in New Jersey?
A New Jersey long term care policy typically reimburses the cost of care you receive when you cannot perform at least two activities of daily living, or when you have a cognitive impairment such as Alzheimer's. Covered care settings generally include home health care, adult daycare, assisted living, memory care, and skilled nursing facilities located in New Jersey or anywhere in the U.S.
When should I buy long term care insurance in New Jersey?
Most New Jersey residents who buy LTC insurance do so in their mid-50s to mid-60s, before rates rise sharply and before health conditions make coverage harder to qualify for. Buying earlier locks in lower premiums for life, while waiting risks higher costs or being declined outright.
Is long term care insurance tax deductible in New Jersey?
Yes — premiums for qualified long term care insurance policies are deductible as medical expenses on your federal return, up to IRS age-based limits that are indexed annually. New Jersey may offer additional state tax credits or deductions for LTC premiums; your LTC Tree specialist can confirm the current rules that apply to residents of New Jersey.
Which carriers offer long term care insurance in New Jersey?
LTC Tree is an independent broker and shops every major carrier licensed in New Jersey, including Mutual of Omaha, Nationwide, Securian, National Guardian Life, OneAmerica, Thrivent, Lincoln Financial, and others. Each New Jersey applicant's situation is different — we run rates across carriers and present the best fit for your age, health, and budget.