It has been a reality for several years now that the premiums for traditional long-term care insurance coverage have been escalating to help keep pace with the cost of care.

Consumers have seen increases of as much as 23 percent in a year for coverage that they may or may not benefit from. This is not an annual increase but we never know when the increase will come or how often. Subsequently we begin to question whether or not we can afford the premiums, many times as we near the age when we may most need it.

The latest MetLife Mature Market Institute Survey of Nursing Home, Assisted Living, Adult Day Care Services and Home Care Costs shows that the cost of care continues to rise. Depending on where you live in the country will dictate the cost of care – the closer to a large metropolitan area generally the higher the cost.