According to the American Association of Long-Term Care Insurance, the average cost of long-term care insurance premium was $2,600 per year in 2022 for a 60-year old couple, and $165,000 of benefit. Policies that included an annual medical inflation factor (maximum 5%) cost up to $8,750 per year. For a 60-year old female, the 2022 cost was $1,900 per year (or up to $6,600 depending on annual inflation added). See 2022 Long-Term Care Insurance Information. Consumers should check current prices with their insurance broker, as prices may have increased. You might be surprised to learn that most people who purchased long-term care insurance in 2021 were under the age of 55. About 1/3 were between ages 55 and 64. Just 11% had their policies issued at age 65 or older. The reason for the shift to younger age groups had to do with tax changes made in Washington state.