MI Average daily benefit purchased: $ 142 per day.

Michigan is home to almost 10 million people. Data from the US Census shows that that nearly 1.4 million of those people are over the age of 65. This large and growing number of seniors will increasingly use and need Long Term Care services, such as care in Nursing Homes, Assisted Living Facilities and Home Health Care.

The Long Term Care expenses for 2011 in Michigan from Medicaid alone were over $2.6 billion. Baby boomers in the Great Lakes State are entering retirement and as they do, these expenses will continue to rise. Long Term Care Insurance is the solution for easing the potential economic strain this could place on families and the state.

When planning for retirement, Long Term Care Insurance can help protect your savings in the event you need Long Term Care services.   Residents in Michigan have roughly 17 different Long Term Care Insurance companies to compare and choose from.

Also important to know when looking at purchasing a Long Term Care Insurance policy is Michigan’s Long Term Care Partnership program. This program was established by the Michigan state legislature in 1995 (effective date January 20, 1995), and helps to protect Michigan residents in the event that they outspend their private plans. In other words, residents of Michigan who take advantage of this program are protected for their Long Term Care needs by both their plans and then, if needed, by Medicaid.

Most Popular Long Term Care Companies in Michigan

  • 1) Genworth
    2) Mutual of Omaha
    3) Genworth Privileged Choice Flex 2
    4) Mutual of Omaha Mutual Care Plus
    5) Transamerica
    6) Mass Mutual
    7) Genworth Privileged Choice Flex
    8) Transamerica TransCare II 2012
    9) Genworth Privileged Choice Flex2
    10) Mass Mutual, Signature Care MM-5002011
    11) Mass Mutual, Signature CareMM-500 2013
    12) Northwestern Mutual TTQuietCare 2013
    13) John Hancock Custom Care III 2012
    14) New York Life LTC Select Premier 5.5
    15) Mass Mutual, Signature Care MM-5002013

Most Insured Cities in Michigan

  • 1) Grand Rapids – last quote: $100/day
    2) Ann Arbor – last quote: $150/day
    3) Macomb – last quote: $150/day
    4) Plymouth – last quote: $150/day
    5) Livonia – last quote: $150/day
    6) Southfield – last quote: $150/day
    7) Canton – last quote: $150/day
    8) Lansing – last quote: $150/day
    9) Grand Blanc – last quote: $150/day
    10) Rochester Hills – last quote: $150/day
    11) Northville – last quote: $150/day
    12) Holland – last quote: $200/day
    13) Dearborn – last quote: $100/day
    14) Howell – last quote: $100/day
    15) Birmingham – last quote: $100/day

Michigan Long Term Care Cost

It’s important to know the cost of long term care in Michigan so you can plan ahead. The table below shows the cost of care in various areas based on data collected by Genworth financial.

2018 Annual Cost of Care in Michigan
REGION PRIVATE NURSING HOME ROOM SEMI-PRIVATE NURSING HOME ROOM ADULT DAY HEALTH CARE ASSISTED FACILITY (PRIVATE ROOM) HOME HEALTH AIDE (AT 44 HOURS WEEKLY)
State Median $109,500 $102,748 $20,800 $46,200 $52,624
Ann Arbor $153,300 $122,640 $33,280 $60,600 $56,056
Battle Creek $102,200 $94,900 $24,700 $36,600 $52,624
Bay City $109,500 $105,668 $21,840 $38,400 $51,480
Detroit area $129,575 $109,135 $18,200 $50,682 $54,340
Flint $115,158 $106,033 $29,900 $47,400 $49,192
Grand Rapids area $123,735 $109,135 $24,700 $50,400 $52,624
Jackson $107,493 $97,638 $24,960 $46,470 $49,192
Kalamazoo area $110,230 $104,755 $22,880 $52,050 $52,624
Lansing area $109,500 $108,405 $27,560 $54,000 $54,912
Midland $101,470 $94,900 $18,200 $56,400 $49,192
Monroe $102,930 $92,163 $25,480 $56,640 $53,768
Muskegon $104,390 $103,295 – $41,850 $52,464
Niles area $103,478 $98,550 $24,960 $50,730 $49,192
Saginaw $95,813 $92,345 $16,575 $33,900 $50,336
Rest Of State $105,850 $101,835 $15,600 $37,200 $52,624

Michigan Long Term Care Premium Cost

The cost of long term care premiums can vary greatly based on the applicant’s gender, age, and even marital status. Policies tend to be cheaper when you are younger and healthy. Women tend to pay more than male counterparts of the same age and health, and married couples can secure massive discounts by purchasing a long term care plan jointly.

 → Sample calculations – Michigan long term care insurance premiums 

These sample premium calculations assume that the applicant selects an elimination period of 90 days, a daily maximum benefit of $200, and a benefit period of 3 years.

Applicant AGE GENDER COUPLE
Male Female
50 $ 1,894 $2,277 $3,291
55 $1,967 $2,381 $3,308
60 $2,070 $2,963 $3,390
65 $2,627 $3,921 $4,453