The Pros & Cons of Long Term Care Insurance

Send us a text Nursing home stays can easily run over $100,000 per year. That cost is a big source of fear for older Americans, 70% of whom will need some form of long-term care. Long-term care insurance seems like a great answer. So why do only 3-4% of people have coverage? TOPICS (01:18) What is long-term care insurance? (04:07) Difference between healthcare and long-term care (06:56) Is the long-term care industry struggling? (08:26) What does $165,000 in coverage buy? (13:37) Mix o...