What is Long-term care insurance?
Long-term care insurance refers to health cost coverage of long-term care options such as nursing-home care, home-health care, personal or adult day care for individuals above the age of 65 or with a chronic condition that needs constant supervision.
Long-term care insurance
Long-term care insurance refers to health cost coverage of long-term care options such as nursing-home care, home-health care, personal or adult day care for individuals above the age of 65 or with a chronic condition that needs constant supervision.
LTC is not covered by health insurance and offers more flexibility than many public assistance programs.
Benefits of Long-term care insurance
- Great option for individuals who can't rely on family members for support to help cover out-of-pocket expenses
- Long-term care insurance product premiums are tax deductible