One application gets you quotes from A rated insurance carriers such as Genworth, Met Life, Assurity, Mutual of Omaha, and more. The average cost of staying in a nursing home for a year is between $55,000 and $100,000, and even higher with assisted living.  Are you ready for long term care costs? You can qualify for some long term care coverage through Medicaid, but only after you and your spouse have "spent down" virtually all of your assets.