11/24/2025
According to recent figures from the U.S. Department of Health and Human Services, someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and supports in their remaining years. By 2030, one in five residents in the US will be 65 or older, and the number of those in need of long-term support services in the U.S. (which is estimated at 14 million today) is expected to grow to 27 million by 2050.
A long-term care insurance policy can offset the financial burden of future care that is not covered by Medicaid or Medicare. According to industry estimates, the long-term care insurance industry paid $14.1 billion in benefits to 353,000 individuals with insurance protection in 2023.
TDCI recommends meeting with your licensed Tennessee insurance producer to discuss the long-term care insurance options available to consumers. To verify that an individual or company is properly licensed to sell insurance products in Tennessee, visit our website and search the National Association of Insurance Commissioners’ database.
To learn more visit: https://www.tn.gov/commerce/news/2025/11/14/tdci-recognizes-long-term-care-awareness-month-in-november.html