Is Long Term Care Insurance Worth The Cost? 
Long term care insurance is not worth the cost if it causes you to cut back on groceries or medication or other essentials needed for a healthy and happy life . If you have very little savings , assets or investments , long term care insurance may also not be worth the cost . If you can afford it , you might want to buy long term care insurance for the options it offers you for your care . However , you would not need it to protect your assets if you do not have assets to protect . Long term care insurance IS worth the cost for those who have a lot to lose if they would have to pay expensive nursing home , assisted living , in home , or other care costs for an extended period of time . It also is worth the cost for those who have strong feelings about being able to pay for the type of care they want , rather than rely on where Medicaid allows . 