Objectives: To investigate how much monetary value people in Taiwan put on home careservice, and to examine the factors that affected public assessment of the monetary value of homecare service. Methods: Using the open-ended contingent valuation method, this study determinedthe monetary values of home care service, including willingness to pay and willingness to accept,by telephone interviews. A total of 1,083 telephone interviews targeted people aged 20 and olderin Taiwan. Results: If a need for home care occurred, then the respondents were willing to payan average of NT$ 107 per hour (N= 685) to employ a care worker to take care of their familymember. The minimum compensation that the respondents wanted in order to sacrifice their freetime or to quit their jobs to take care of a family member at home averaged NT$ 144 per hour (N=624). As a care worker to care for non-relatives, the minimum wage that respondents were willingto accept averaged NT$ 166 per hour (N= 547). Conclusions: These results have the followingpolicy implications: First, the average willingness to pay, 107 NT dollars per hour, can serve asa reference value for the upper limit of the deductible in long-term care insurance. Second, if acare allowance is built into the long-term care insurance system, then it can be set at a lower levelthan payment in kind. Third, 166 NT dollars can be used as the starting value for long-term careinsurance benefits.