Will I Need Long Term Care Insurance? 
You will only need long term care insurance if you are unable to take care of yourself at some point in your life . This can be due to illness , physical limitations , or loss of mental functioning . If you do not have long term care insurance , you will need to pay for your care another way . Medicare may pay for some of it at the start , and Medicaid can pay for it after your resources have been depleted . If you have long term care insurance , the policy will pay for those services after the elimination period you chose has passed , and for as long as you set the policy up to pay them . 