What is Long-Term Care?
Long-term care is different from the rest of your health care, and it is not typically covered under health insurance policies, HMO plans, Medicare or Medicare supplemental policies. Long-term care is personal care which ranges from simple assistance with activities in your own home or a residential care facility to highly skilled care in a nursing facility.
Most people would rather not think about the possibility of needing long-term care. But as we get older, and because we are living longer, the likelihood that we will need some kind of assistance is very real.
What is Long-Term Care Insurance?
LTC Insurance is designed to pay some or all of the costs of assisted care when you can no longer take care of your needs on your own. Policy options may include care in a nursing home, an assisted living facility, an adult day care or even in your own home.