Understanding Long-Term Care Insurance: Coverage & Benefits

Long-term care insurance policies are intended to cover an insured while enduring a chronic disease, disability or sickness. This type of insurance policy is vital if someone has a difficult time handling activities of daily life that are typically elemental.

Purpose

• The primary objective of a long-term care policy is to cover someone who requires care-giving assistance on a frequent basis. This may include ones who have suffered a serious or acute injury, chronically sick, disables or the elderly.

Policies Inclusions

• Long-term care may include care-giving services within a nursing home, skilled nursing facility, mental housing facility or an assisted living facility. It may also cover patients from their home while they receive medical care from a licensed practical nurse, a registered nurse or even a nurse's assistant.

Policies and Services

• Types of long-term care polices include community-based policies, home health care, housing for elderly or disabled, assisted living policies, board and care housing and polices that cover retirement facilities.