Is Long Term Health Insurance Worth It? 
Long Term Health Insurance -LRB- known as Long Term Care Insurance -RRB- is worth it for some people and not for others . If you have a large amount of savings , investments , and/or property , Long Term Care Insurance can protect your estate by paying for the cost of caring for you if you can not care for yourself . If you have very little in the way of assets , LTCI may not be worth it , as Medicaid would cover the cost of staying in a nursing home . However , whether you have a large estate or not , Long Term Care Insurance does provide some freedom in choosing where you receive your care . And for some people that is worth the price of the insurance . 