Long Term Care Information Daily cost of care? $ Years until care needed? Years of care needed? Inflation rate? % Savings Information Current savings? $ Monthly savings? $ Rate of return? % Printer-friendly version Long Term Care Savings Summary Planned Savings Goal Savings Chart Table Planned vs Required Long Term Care Savings Savings Category Amount Planned Savings Required Savings Submit There are three fundamental ways to meet your long-term care needs. Long-term care costs can be covered by long-term care insurance of by qualifying for Medicaid. Self-insuring is typically the other option. If you are interested in going down the self-insurance path, you will need to save the appropriate amount of money to meet your long-term care needs.