Is Long Term Care Insurance Worth The Price? 
Yes , long term care is worth it ! Long term care insurance is the newest insurance type - introduced in the 1970s . It continues to evolve and cover more . So , it provides more value for the premiums people must pay . That is in spite of the persistent low interest rate environment that makes the job of the insurer more difficult . Most are still not covered by long term care insurance yet , at an average daily rate of $ 248 , an average nursing home stay of 835 days currently costs over $ 207,000 , making the cost of care virtually unaffordable for many Americans . 