2. “Medicare or my health insurance will cover the cost.” Wrong, Medicare only covers a maximum of 100 days and only if you require skilled services or rehabilitative care. The average stay actually covered by Medicare is much shorter at only 22 days. After that, you’re on your own. According to the Genworth Cost of Care Study from 2013, the average cost of LTC for a skilled nursing home in the state of Florida is $7,604 per month. This amount is estimated to be $23,184 per month by 2037!