Long-term care insurance is a type of insurance that helps cover the costs associated with long-term care services, such as assistance with activities of daily living, nursing home care, and home health care.

Long-term care insurance policies typically cover services not covered by health insurance or Medicare. This insurance policy may be purchased by individuals or provided as a benefit by employers.

Policies may include different levels of coverage, such as daily benefit amounts, maximum benefit periods, and elimination periods. Some policies may also offer optional benefits, such as inflation protection and nonforfeiture benefits.

The cost of long-term care insurance premiums can vary depending on factors such as age, health status, and the level of coverage selected. Long-term care insurance can help individuals protect their assets and avoid the financial burden associated with long-term care expenses.

It is important to carefully review long-term care insurance policies and to work with qualified insurance professionals to ensure that coverage meets individual needs and goals.