Long-term care involves a wide variety of services and, generally, older people often need more care than they anticipate. Government assistance programs may offer little help. Other public services may be available but typically are offered on a sliding-fee scale, based on ability to pay. There also may be waiting lists. While long-term care insurance is not for everyone, it is an attractive form of security for many people.
People usually buy long-term care policies from private insurance companies.
However, a growing number of employers are now offering policies to their employees, employees parents and retirees. Policies vary widely in coverage and cost. Without such provisions, most people would not buy coverage until they needed services. This information is not intended to be a substitute for professional medical advice. You should not use this information to diagnose or treat a health problem or disease without consulting with a qualified healthcare provider.