Any experience or information on Long Term Care Insurance? Is it worth it?

Some of the more affordable plans don't seem to offer much in return. They are "long term care" in that they pay a fixed amount toward your care for a long time, but by no means do they pay in full, so you are paying premiums plus however much more per day or month necessary for care. There is also usually a 30 to 90 day lag time before LTC benefits kick in. You will need to pay out of pocket during the lag time. There are varying requirements for when different policies will begin to pay benefits. If the insured person dies during the lag period, the LTC policy will never take effect. Just one of the things to consider when choosing a policy.

Very good friends of mine both had a LTC insurance policy for many years. She passed away from Covid and was never able to use it. Her husband is now in a LTC/Memory care facility and was able to use the LTC insurance, His son had to pay full cost for 3months, $6,000 per month and then the LTC insurance started to pay, but, he still has to pay $1,500 per month on top of what the LTC insurance pays. His son handles all his finances.
So, this is something to think about. Possibly a financial advisor (fiduciary person) would be able to help you with a financial decision. Looking into annuties, stock with dividends, etc. something the will generate long term income for you.
I'm sure the cost of LTC will increase and we should be prepared if we can. The bad thing with LTC insurance is if you pass away no one gets the dollars that was put in. If you have annuities, stocks, or any other investments you are able to leave that to your family. It's a big decision to make and I think it's a hard one that has to be thought out carefully, who knows what's the right decision. It's like Russian roulette. Many decisions go wrong or change. We always hope for the best
Wishing you blessings on a very hard decision.

Premiums continue increasing for long-term health insurance, but to put things into perspective my mother was in assisted living for 4 years at approximately $7000 per month. $339,000 for the 4 years she was there.

Just compare the costs and determine whether it is worth it based on the odds and whether you think you might be able to remain at home with a caregiver.