Planner
Long-Term Care Funding Gap Planner
Estimate how a future long-term care need could be covered by income, insurance, spendable assets, and a self-funding plan.
Scenario
Care details
Build one later-life care need, then test whether income, insurance, and spendable assets can absorb the cost.
Care need
Coverage and income
Asset runway
Gap estimate
Long-term care estimate
Remaining care-funding gap
$895,792
This scenario still leaves about $895,792 of uncovered long-term care funding gap after ongoing income, any insurance benefit, and the assets you marked as spendable.
Projected care cost
$1,205,792
$20,097 monthly at care start.
Asset runway
6 mo
How long spendable assets cover the monthly gap.
Scenario covered
26%
Portion covered by income, insurance, and assets.
Care view
Compare the projected care cost with income, insurance, spendable assets, and the remaining unfunded gap.
Care cost pressure
Funding pressure
How to use this long-term care planner
Use this as a later-life care test. It helps show whether a care need is covered by income, insurance, assets, or still leaves a funding gap.
Care
Start with the care need
Model when care may begin, what care costs today, how fast costs may rise, and how long the care need should be tested.
Cover
Add income and insurance
Retirement income and long-term care insurance can offset the cost, but they may not fully absorb the monthly pressure.
Runway
See what assets must carry
Spendable assets can cover part of the gap, while protected reserves show what you do not want the care need to consume.
1
Model one later-life care need
Use one realistic care scenario at a time. The point is to stress-test the plan, not predict the exact care journey.
2
Separate covered cost from asset draw
Income and insurance reduce the monthly gap first. Spendable assets then show how much of the remaining pressure could be absorbed.
3
Treat the gap as plan risk
A remaining gap may point to insurance review, dedicated reserves, housing flexibility, family support, or a clearer self-funding plan.
About this tool
What this helps you do
This planner tests one long-term care scenario against projected care costs, retirement income, insurance benefits, spendable assets, and protected reserves.
How to interpret results
Focus on the later-life care need: projected care cost, monthly gap after income and insurance, how long assets could cover it, and what remains unfunded.
Planning notes
Medicare generally does not cover ongoing custodial care. Medicaid may help, but eligibility is state-specific and often requires income or asset spend-down.
Limitations
This model does not predict actual care needs, quote insurance, apply policy benefit triggers, model taxes, or account for Medicaid eligibility rules.