What does long-term care insurance typically cover?

Long-term care insurance is specifically designed to cover a range of services that support individuals who have difficulty with daily activities due to chronic illness, disability, or aging. One of the primary features of this type of insurance is its focus on costs associated with nursing home expenses.

Nursing homes provide essential support services for individuals who require assistance with daily living activities, such as bathing, dressing, and eating. This aspect of care can be quite expensive, and long-term care insurance helps mitigate these costs by reimbursing policyholders for the expenses associated with residing in a nursing facility.

While options such as medical costs for chronic and severe health conditions, in-patient hospital fees, and home health care supplies may be covered under different types of insurance or health plans, they do not specifically denote the core purpose of long-term care insurance, which centers on extended custodial care, especially in nursing home or assisted living settings.