Health Insurance

How does long-term care insurance work?

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  • Long-term care insurance pays a fixed amount for each qualified day that you receive long-term care. This care can be provided at a nursing home or in your own home. It can also be given at an adult day care center, hospice care, respite care, an assisted living facility, a nursing home or a special care center. Care may include physical and occupational therapy, speech therapy, and assistance with activities of daily living (ADL). Long-term care insurance policies continue to pay the benefit for a specific period. This could be as much as two, three, four, or five years or a lifetime (unlimited). Long-term care insurance lets you budget to pay the premiums rather than using your personal savings to fund your long-term care.
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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.
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What is long-term care insurance?