Most major medical health insurance policies do not cover Long-Term Care expenses, nor does Medicare or Medicare Supplement insurance. Those who do not have this preparation often have few alternatives but to spend down their assets until they qualify for Medicaid. Traditional health insurance and Medicare cover acute care and certain preventative measures. It is the inability to handle these once routine circumstances that afflicts people in different degrees as they age. But no one person's experience is identical to another's.
Some people remain conversational and social.
Others may lose fine-motor skills. So Long-Term Care insurance is flexible. It is constructed to cover not just the costs of nursing home stays but a wide range of home health care, assisted living, and custodial services. A good Long-Term Care policy will meet your changing needs. As noted above, it is very expensive for older buyers.