Long-Term Care Insurance
Long-Term Care Insurance is purchased in advanced of a person's disability or
infirmity, which leaves a person unable to perform some or all of the Activities
of Daily Living (walking, eating, dressing, bathroom needs, or mobility).
Long-Term care covers the cost of day-to-day care and treatment at home, in
an assisted-care living facility or in a full-time nursing facility, and
includes a wide range of medical, personal and social services. Long-Term Care
includes services provided by home health care agencies, adult day care centers,
traditional nursing homes, and continuing care retirement communities. These
policies vary in coverage, but will normally pay a fixed-dollar amount or the
actual costs of care up to a specified dollar amount, for a specified length of
time and kind of care.