LTC Insurance Benefit & Pool-Depletion Calculator

What it is

A deterministic, in-browser tool for the senior-care / aging-services vertical (elder-law, senior financial planning, assisted-living / skilled-nursing admissions). From your long-term-care policy terms - daily or monthly benefit maximum, elimination period, benefit pool (total dollars OR total days), inflation rider (none / simple % / compound %) - and the actual daily cost of care, it computes the exact per-day coverage split (covered = min(cost, benefit); out-of-pocket = cost - covered), the full out-of-pocket during the elimination period (elimination days x daily cost), and the month-by-month timeline of when the benefit pool runs out, growing the benefit (and, for a dollar pool, optionally the cost) by the rider on each policy anniversary over an exact UTC calendar. Compound vs simple rider growth is modeled exactly. No API, no key, no network, no AI - every figure is exact arithmetic or calendar math, and the policy terms it used are always surfaced so a wrong rider or pool can never silently mis-compute. Not insurance, legal, tax, or financial advice.

Honest scope

Authorities cited

• NAIC "A Shopper's Guide to Long-Term Care Insurance" - defines the daily/monthly benefit maximum, the elimination period (deductible measured in days), the benefit pool / lifetime maximum, and the inflation-protection rider options (simple vs compound).
• NAIC Long-Term Care Insurance Model Regulation (#641) - inflation-protection requirement and the simple vs compound (and guaranteed-purchase) rider forms; elimination-period and benefit-trigger definitions.
• 26 U.S.C. 7702B - tax-qualified long-term-care insurance contracts: per-diem benefit limits and the ADL / cognitive-impairment benefit triggers (the eligibility determination this tool does NOT make).
• 42 U.S.C. 1396p(f) / DRA 2005 sec. 6021 - Long-Term-Care Partnership programs: Medicaid asset disregard equal to LTC benefits paid (NOT modeled here; flagged).
• HHS / ASPE "Costs of Care" and Genworth Cost of Care Survey - context for the daily/monthly cost-of-care input (assisted living, nursing home, home health); the actual cost is a user input, not a fixed table.
• Inflation-rider math: simple rider B_n = B0*(1 + r*n) (linear on the original benefit); compound rider B_n = B0*(1+r)^n (geometric on the current benefit) - the standard actuarial forms per the NAIC model.