Long-Term Care Insurance

Long-term care insurance is a specialized type of coverage designed to provide for the cost of non-skilled care services, which are not typically covered by traditional health insurance or Medicare. These services can include assistance with routine daily activities such as bathing, dressing, or eating. They could be provided at home, in a community organization, in a nursing home, or in an assisted living facility as a few examples. The need for long-term care can arise unexpectedly, often due to aging, illness, or disability, making it a crucial component of financial planning for those seeking to protect their assets and ensure they receive the level of care they desire as they age.