The number of US veterans aged 65 and older is large and getting larger...soon it may include you and others from your military family. Be sure you have the military health insurance you need - starting with Long Term Care Insurance (LTCI).

You'll need this before you use your VA loan benefits.


An important part of your military records that you'll need.

Before they were famous, many truly influential men and women started by serving their country in the US military or grew up in military families.

Military Health Insurance

...for a Healthy Military Retirement

Americans are living longer than ever, and that's good news - if you're prepared.

Over nine million men and women over the age of 65 will need long-term care, according to the U.S. Department of Health and Human Services. By 2020, that number will jump to 12 million.

The number of US veterans aged 65 and older is large and getting larger...soon it may include you and others from your military family. Be sure you have the military health insurance you need - starting with Long Term Care Insurance (LTCI).

If you are injured in the military, you may need LTCI sooner than you think: if you become physically unable to provide for your military family, for example, LTCI can be there for you. And LTCI can also help ease the financial burden of medical costs.

Long term care insurance can even provide benefits to cover services you may need if you're unable to care for yourself or your military family, due to chronic mental or physical conditions.

The Federal Long Term Care Insurance Program (FLTCIP) - one of the largest LTCI programs - is available to all federal employees and military servicemembers. FLTCIP is the only long tem care insurance product sponsored by the federal government and covers the following services:

  • Nursing home care
  • Home health care
  • Assisted living facilities
  • Adult day care

The coverage also extends to active and retired military, federal employees, and the policyholder's qualified relatives (parents and in-laws of active employees or military, and adult children of veterans).

Active military should not wait until they are older or injured to purchase an LTCI policy; by then it may be too late. After age 65, six out of ten Americans will need some form of long-term care.

Long-term care includes a wide range of medical and support services. Long-term care can take place in a nursing home, an assisted living facility, or in your own home or other settings.

Each year in a nursing home 20 years from now could cost $185,000 - more than $500 a day. Paying the total expense from your savings or military retirement pay adds up quickly: $925,000 after only five years - enough to damage or empty your military retirement fund; and once you're healthy again, you may return home to financial hardship. If you need nursing home care, the costs could erase any inheritance your military retirement account may have provided for your heirs.

On the other hand, if you elect to have long-term care insurance, you would amortize your $50,000 in premiums in just a few months.

For this reason and more, long-term care insurance becomes an important military retirement planning consideration. You may be able to take a tax deduction for most (if not all) of your premiums. Check with a tax professional.

You are military prepared when you review your military health insurance options and make sure they're arranged to serve you and your family.



VA Loans for Veterans
Complimentary VA loan pre-approvals will give you the comfort you need to shop for your home with confidence. VA refinance loans available.

Military Hub is not a government website and is not affilitated with any branch of the U.S. Military.

Support Our Troops:

Semper Fi Fund
The Semper Fi Fund provides financial assistance and support to service members and their families.
IAVA - Iraq and Afghanistan Veterans of America
IAVA is the nation's largest nonprofit, nonpartisan organization representing veterans and their families.
Team Rubicon
Team Rubicon unites the skills and experiences of military veterans with first responders.
Pat Tillman Foundation
The Pat Tillman Foundation invests in military veterans and their spouses through educational scholarships.

About Military Hub
Privacy Policy
Contact / Advertise

Copyright © 2008 - 2015
Advertise Military, LLC
All Rights Reserved

Disclaimer: and are private websites that are not affiliated with the U.S. Department of Veteran Affairs, any U.S. government agencies, or any U.S. military branches. Our sites contain basic information about veteran benefits, pay tables, current events, and news for active duty military personnel, military veterans, and their families. You can find additional information on these topics at the official website for U.S. Department of Veteran Affairs.