I pay $267/month for both my parents.

after they got in medicare, I drop their health coverage, bought long term care at age 65.

policy is semi private room, with annual inflation adjusted, hospice home care is 50% cover(optional).

long term care is an anuity product, it will expire when it run out of money, some state offer partnership program (minimum face value $210k in Indiana), meaning when policy expire, state run medicaid will pick up afterward, without sacrify any personal estate.