5 Best Long Term Care Insurance Companies of December 2022

Health insurance might not seem like a priority if you’re a college student. Maybe you’re accustomed to having coverage through your parents’ policy, or you don’t think you’ll need it because you’re in good health. But it’s important to remember that healthcare is expensive in the United States, and an accident or injury could leave you deeply in debt.

For instance, if you’re uninsured, the average cost of just one doctor’s appointment is around $160. An ER visit can cost upwards of $1,389, and a three-day hospital stay an astonishing $30,000.

We analyzed various health options and companies to help you find the most suitable health insurance plan for your needs. We looked at factors including cost, coverage options, provider network, and industry rankings. Here are our top choices for the best health insurance for college students.

Our Top Picks for the Best Long-Term Care Insurance Companies

Nationwide: Best for Customer Satisfaction
Mutual of Omaha: Best for Discounts
Golden Care Insurance: Best Marketplace
New York Life: Best for Financial Stability
Northwestern Mutual: Runner-up for Financial Stability

Long-Term Care Insurance allows you to know that you and your loved ones are financially protected as you age.

Regular health insurance, disability insurance, and Medicare are not designed to cover long-term care costs. Get Long-Term Care Insurance today – select your state to get a free quote.

Contents

Best Long-Term Care Insurance Reviews

Rating: 4.9/5.0

For students looking for expansive countrywide and international coverage, range of coverage options, and low-cost premiums, Blue Cross Blue Shield was an easy pick for our best overall category.

See also Life insurance age limits

What we like

Teams with various states and schools to offer plans for students
Expansive network providers
Available in all 50 states and internationally
Range of extra benefits
Exclusive discounts
Comprehensive coverage options

What we don’t like

Some plans don’t include prescription drug coverage
Finding information on the many BCBS websites can be difficult

About 115 million people countrywide rely on The Blue Cross Blue Shield Association (BCBSA) for healthcare coverage. Thanks to its student-specific plans, low-cost insurance options, range of benefits, and reward system, BCBSA was an obvious choice for our best overall pick.

The BCBSA comprises 35 independent entities, most of which have an AM Best financial strength rating of A (Excellent). You’ll be directed to your local provider when you input your ZIP code to the BCBSA website. Depending on your location, you can choose from tiers of coverage from catastrophic through to fully comprehensive platinum. You can also customize plans with dental and vision insurance.

Catastrophic coverage has lower monthly premiums but higher deductibles and out-of-pocket maximum. The coverage doesn’t max out. People of any age can join the bronze through platinum plans, but you must be under 30 to enroll in a catastrophic policy.

For these Marketplace plans, you’ll need to wait for an enrollment period to join, and coverage will begin on January 1st. Short-term plans are available to fill any gaps in coverage.

People cannot be excluded for health conditions, but exclusions include cosmetic and experimental procedures and long-term care. Because BCBSA teams with colleges nationwide, students may find cheaper coverage options through their school. Students with low incomes may also qualify for government subsidies to lower their insurance costs.

Students can enjoy additional benefits from BCBSA, including dental, pet insurance, fitness products, and meal subscription discounts.

States Available

Alabama
Alaska
Arizona
Arkansas
California
Canal Zone
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Guam
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virgin Islands
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Other long-term care insurance companies we considered

While these companies didn’t make our list of top insurers, they offer coverage and features some consumers might find attractive.

Brighthouse Financial

Teams with various states and schools to offer plans for students
Expansive network providers
Available in all 50 states and internationally

Some plans don’t include prescription drug coverage
Finding information on the many BCBS websites can be difficult

Brighthouse Financial is an insurance company that specializes in annuities and life insurance policies. Unfortunately, its below-average customer satisfaction score, relatively low AM Best rating and high NAIC complaint ratio disqualified it from our main list.

Other long-term care insurance companies we considered

While these companies didn’t make our list of top insurers, they offer coverage and features some consumers might find attractive.

Brighthouse Financial

Teams with various states and schools to offer plans for students
Expansive network providers
Available in all 50 states and internationally

Some plans don’t include prescription drug coverage
Finding information on the many BCBS websites can be difficult

Other long-term care insurance companies we considered

While these companies didn’t make our list of top insurers, they offer coverage and features some consumers might find attractive.

Brighthouse Financial

Teams with various states and schools to offer plans for students
Expansive network providers
Available in all 50 states and internationally

Some plans don’t include prescription drug coverage
Finding information on the many BCBS websites can be difficult

Disability Insurance FAQs

Is disability insurance worth getting?

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Can you buy your own disability insurance?

Who offers the best long-term disability insurance?