The fact is that long term care insurance policies are abandoned at fairly high rates. This is partly because people upgrade their policies, but often people find that paying the premiums cuts into their incomes, and lifestyles, more than they anticipated. The single biggest disadvantage of long term care policies is that they are expensive. A study on long term care insurance by the Health Insurance Association of America shows that cost is still the main reason why people don't buy the coverage. The amount you will pay for the coverage varies according to where you live, how healthy you are, and the benefits you select.
Benefits can also vary.
The younger you are, the lower your premiums. Also remember that the younger you are, the longer you pay. A good age to consider buying long term care insurance is 50 to 55. The one exception to that is if you work for an employer that provides attractive benefits at a younger age. The deductible or elimination period.