Abstract: The article overviews and compares the two categories of pricing model of long-term care insurance----basic and dynamic pricing models which used commonly abroad, and points out that the discrete-time Markov chain model could be served as a basis for long-term care insurance pricing model in our country. On this basis, the article calculates it using actual data of China, and analyzes the effects of results by changing in rates of recovery. Furthermore, the article makes some amendments on the model to adapt to China's realities.