Chances are about 70 percent that you'll need long-term care sometime after age 65, according to the nonprofit Life and Health Insurance Foundation for Education (LIFE). And it won't come cheaply. The median cost of a full-time nursing home room is $81,030 per year, according to the Genworth 2012 Cost of Care Survey. The national median hourly rate for a licensed home health aide is $19, which would total $55,480 a year for eight hours a day of care. Statistics like those make long-term care insurance sound like a no-brainer, but misunderstandings still abound. Here are eight myths about long-term care insurance -- and the truth.