Long term care insurance is a type of coverage available for people who potentially may require long term care. There are many types of long term care insurance (LTCi) available but as a standard it covers things that traditional health insurance and Medicare does not and it can also protect your assets. When you purchase an LTCi policy, it takes any possible burden off of your children or loved ones to have to provide care for you financially. These policies typically cover such things as nursing homes and adult day care but can also cover things such as home care and assisted living. If you have an LTCi policy, the benefits will be triggered when you begin to need help with activities of daily living or have a severe cognitive impairment.
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