| Long-Term Care (LTC) Insurance | |
 Coverage that provides nursing-home care, home-health care, personal or adult day care usually for individuals above the age of 65 or with a chronic or disabling condition that needs constant supervision. LTC insurance offers more flexibility and options than many public assistance programs. |
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 Long-term care is usually very expensive, which is why most people need insurance. For example, on average, nursing facilities providing skilled care charge $150 to $300 per day, or over $80,000 a year or more. Even custodial home care at three visits per week can cost over $9,000 a year. Most LTC insurance policies will cover only a specific dollar amount for each day you spend in a nursing facility or for each home-care visit. Thus, when considering an LTC insurance policy, read the policies carefully and compare the benefits to determine which policy will best meet your own needs. |
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 Taking the Surprise Out of Long-Term Care - You too may need long-term care one day. Don't be left unprepared: find out what to look for in LTC insurance policies. Medicare: Defining the Lines - We explicate on this American health-care program's coverage and eligibility rules. Medicaid versus LTC Insurance - These are not equal. Here's why you need to think twice before relying on the government-sponsored program. |
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