How Much Does Long Term Care Insurance Cover? 
The great thing about a good Long Term Care policy is that you can decide on how much of a monthly benefit it will pay you and for how long . For example , you could choose a plan that will pay you $ 5,000 per month for 3 years , 4 years or 5 years . You may decide to adjust the monthly dollar amount up or down to suit your needs as well as the length of the term . The policy should include benefits for home healthcare , assisted living and a nursing home . You should ask if there is an inflation protection benefit with the policy and what the percentage is . This is very important because it will allow your monthly benefit to grow by a certain percentage every year which will help offset the rising costs of care . The amount that you need today on a monthly basis is a lot less than what you will need 20 years from you so want a benefit that will grow . 