Just to clarify, I'm assuming you are interested in long term care and determining whether it is worth getting the insurance. The answer is it depends. You need to factor the age of your parents and their current health condition, which determines the monthly premiums. It is best to speak with a long term care insurance broker about your options.
However if you are stating that you may not be able to afford long term care insurance, then there could be other options out there. Since you are in Los Angeles, you can look into the Assisted Living Waiver program which assists those seniors
with disabilities and provides them with a subsidy to help defer some of
the monthly costs. Please be aware that the assisted living facility
also needs be an accepted participant of the program. You can read more
about the program here:
I hope this helps.
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