What is Long-Term Care Insurance?
Long-term care insurance is not the same as health insurance. It provides coverage should you or your elderly parent need assistance from home health care, assisted living, skilled nursing, or other services.
Long-term care insurance can be a sound investment, potentially saving you and your loved ones thousands of dollars in future care. It is one option for ensuring that you will be able to afford long-term care should you need it. This kind of product provides coverage for types of care that Medicare, Medicaid, and traditional health insurance do not.