Is Long Term Care Insurance Really Worth It? 
The average person has a 1 in 4 chance of needing some type of long term care in his lifetime , either at a facility or at home . The cost of a Nursing Home on average is $ 7000 / per month , Assisted living $ 4000 per month , Home Health Care $ 20/hr . Someone will have to pay that bill . If you have assets then you will pay until your savings and assets are used up and then you may qualify for Medicaid . You tell me - is it worth it to protect you family from the burden of taking care of you when you can no longer care for yourself ? Do you want to lose everything you worked hard for all your life ? I have been a caregiver and as much as you love the person you are caring for , it takes a major toll on on the caregiver . Long Term Care insurance protects your family from these heartaches . Is it worth it ? 