Who Benefits From Long Term Care Insurance? 
In addition to the above comments , the family benefits . Average cost for a nursing home in the US , paid for long term care , usually in the range of $ 6,000.00 per month . An estate can be quickly depleted by the cost of long term care . Many people believe that Medicare pays for long term care , quite the opposite . Medicare pays only for the first 20 days . Medicaid pays for long term care , however you have to spend down any assets to qualify for Medicaid benefits . Long term care policies also come with a `` ROP '' or Return of Premium rider , a great option to consider when thinking about a long term care policy . Underwriting can be more challenging to overcome than the price of the policy . 