Is Long Term Care Covered By Insurance? 
Long Term Care is covered by insurance only if the person has purchased a Long Term Care policy prior to needing the care . If there is no LTC insurance plan in place , the care must be paid for by income and assets until assets are depleted to a certain level -LRB- if there is a spouse living at home , they are allowed to keep approx half of the assets owned by the couple -RRB- . Then the person receiving the Long Term Care is able to apply for Medicaid , which then takes over payments of their care . 