Long-Term Care Insurance

Plan for the Future with Long-Term Care Insurance

According to the United States Department of Health and Human Services, 70% of people turning 65 will need some form of long term care during their lifetime. That’s a lot of people needing extended medical care. And long-term care insurance is there to help pay the bill.

A long-term care insurance policy pays for services that health insurance, Medicaid, or Medicare won’t cover. You are eligible to file a claim if you’re unable to do at least two of the six daily living activities. These activities are bathing, eating, dressing, using the bathroom, moving around, and controlling bodily functions.

Long-Term Care at Work

You might find this type of policy as part of a workplace benefit. If so, it will likely cost less than buying a policy on your own. But you might have to purchase your own policy if it’s not offered at your job or you’re self-employed. The coverage will cost more, but it’s still possibly a worthwhile investment.

The Basics

If you’re in need of long-term care, then you might benefit from this coverage. The details of the policy and what it covers varies by insurer. But select a policy that is affordable and pays for care that you need.

You might need help paying for adult day care. Or you might need money for a nursing home care or a home-health aide. Your contract with the insurer will explain what expenses are covered. You may also have the option of getting coverage from a professional or service organization. For example, some unions provide this benefit to its members.


Being in need of extended care is often frustrating. But at least with long-term care insurance, you have help paying the expense. And you won’t need to bother your retirement or savings account to pay the bills.