Long term care insurance costs can vary based on several factors, including the individual's age, health, the amount of coverage, and the insurance company. According to the American Association for Long-Term Care Insurance, the average cost of long term care insurance for a 55-year-old couple is around $3,050 per year. However, this cost can significantly differ based on the specific policy details and the state in which the individual resides. It's important to carefully consider the coverage options and compare quotes from different insurance providers to find the most suitable and affordable long term care insurance plan for your needs.