Over a third of Americans will need to be in a nursing home or assisted living facility eventually. However, there are differing opinions on whether long-term care insurance is worthwhile.

Long-term care insurance premiums can be costly, but it can also save you a sizable amount long-term. Some policies provide coverage for home care, allowing you to remain in your home for as long as possible. If a policy doesn’t provide enough money to support you and cover your in-home help, you could be forced into assisted living.

If the insurance is too expensive, you can also consider applying for Medicaid.