How Much Long Term Care Insurance Do You Need? 
Without having a crystal ball , it 's impossible to know how much of any type of insurance you should have.Obviously , the more , the better . With Long Term Care , you buy a total pool of money and you pick the maximum amount PER DAY that will be paid from the pool of money . So again , the larger that pool is , the better . There are lots of statistics out there , but the main thing is that it must be affordable so you keep it over the long haul . A good average figure might be in the $ 200,000 range -LRB- pool of money -RRB- and $ 200/day . That amount would cover many situations including an average nursing home . However , most claims occur in YOUR home since most people want to stay in their home . So if the above is unaffordable , buy as much as you can . You may only need $ 80 for home health care . Something is always better than nothing - and this is especially true with Long Term Care . 