What Is The Average Cost Of Long Term Care Insurance Premiums? 
The average cost of long-term care insurance depends on a number of factors as the policies are very customizable . If you 're looking for a more basic option , I would estimate a range of around $ 1,800 - $ 2,300 per year in premiums . If you want something more comprehensive , you 're probably looking at something more so in the range of $ 4,000 - $ 6,000 per year . The most comprehensive plans can be $ 7,000 or more per year . Factors such as the person 's age , health , only applying as an individual , applying as a married couple , daily benefit levels , benefit periods , compound inflation options , elimination/waiting periods , and other items will really impact what the cost for a plan will be . In today 's world , there 's a very good chance you will need long-term care at some point in your life . If you were paying for long-term care out of pocket , you can expect to be writing a check for at least $ 40,000 per year - something more specialized like a nursing home , then possibly well over $ 100,000 per year . Unfortunately , not too many people can write that check . While writing a check for several thousand dollars a year in premiums for long-term care coverage can have a bit of sticker shock , it can potentially save you 10 's of thousands of dollars in the future if it happens to you . So the idea of the coverage is to transfer the risk to the insurance company in exchange for a small premium and use their money rather than your own to pay for the expenses if that care is ever needed . The long and short being that the `` average cost '' is an irrelevant figure . It only gives you an idea . The actual cost you can expect to pay depends on your needs and what you want to accomplish with the coverage . From there you can start to compare numbers . I would suggest speaking with an independent insurance agent who works with long-term care insurance products and can compare multiple companies for you . An agent can help you sort through all the zigs and zags of long-term care insurance and help determine what coverage will best serve your needs . If you need help with your coverage , please feel free to call or e-mail me via the contact me button - I have an agent in my group with a strong background in long-term care insurance . I hope the information is helpful - please let me know if you have any other questions . Thanks very much . 