Long Term care insurance policies are designed to help people with disabilities, illnesses, or other conditions who require ongoing assistance with basic activities of daily life (such as eating, bathing, dressing, and toileting) pay for the expense of custodial care for an extended period of time.
Typically, employer-based coverage’s do not provide these benefits and Medicare only provides limited coverage for nursing home and at home care.
Unfortunately, most of us can’t predict the type of aid we may need in the future. So to be sure that we receive the care that we need and deserve, it is in our best interest, to choose a long term care policy with flexibility. A Flexible policy will help to pay for the expense of care whether you are in a nursing home, assisted living facility, adult day care, or living at home.