Long-term care insurance may help cover the expenses of extended care services, including essential activities of daily living (ADLs) such as bathing, dressing, eating, toileting and transferring. It can also provide crucial coverage for care related to cognitive impairments like Alzheimer’s disease.
Long-term care insurance can provide a lifeline for those without substantial financial resources to manage long-term care expenses out of pocket. If you have a family history of chronic illnesses or want to safeguard your assets from caregiving costs, long-term care insurance may provide the assistance you need.