This blog from First Aid Nurse discusses how after surveying 1,456 people over age 45, very few individuals came close to estimating the true cost of long-term care.  How much do you think long-term care premiums cost ?

But there are two very important reasons that LTCI costs as much as it does. One is that the costs of care in this industry are rising more than 5% annually on the average, and have continued doing so for several years now. For the most part, average inflationary costs for the rest of the economy averages around 2-3% a year. But that is not the case with health care, especially long-term care.  To put those figures into perspective, a 5% inflationary measure means costs double every fifteen years or so. So if facility costs are $150 a day in your area today, in fifteen years they will most likely be around $300 per day. And in fifteen more years, that figure balloons to $600 a day just for assisted care.

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