If you have trouble paying monthly bills, then it s not for you. This may be a consumer s biggest misconception. Medicare does not pay for LTC except in some very limited circumstances. If you have assets to protect, consider LTC insurance as an option. Premiums paid for the policy may be deductible from income as a health expense, but are subject to tax rules for health expenses.
Most consumers buy individual policies.
Some employers offer group coverage. Some life insurance policies offer LTC coverage as a rider. What services are covered. Longer elimination periods equal cheaper premiums. Check with several companies and agents.