Long-Term Care Insurance 101Long-term care insurance may be the least understood of all the major types of insurance. In fact, many Americans don't even know what long-term care is. Long-term care services are required if a person is unable to care for him or herself for an extended period of time due to a chronic illness or disability. Many people mistakenly think their health insurance will pay for any long-term care services they may need. It won't. That's why long-term care insurance can be so important. The cost of receiving care from a home health aide or living in an assisted living facility or nursing home can be very expensive. Long-term care insurance can help ensure that you'll have access to the care you need at a price you can afford.
The resources you'll find here will help you understand the chances of needing long-term care, who needs long-term care insurance and what you need to know about this little understood product.