What Is Long Term Health Insurance? 
I am assuming you are referring to Long-Term Care -LRB- LTC -RRB- insurance . As the name suggests , the insurance is designed to provide benefits to an insured for their long-term medical or personal services -LRB- e.g. , bathing , dressing , eating -RRB- . The LTC insurance policy will reimburse the insured person a daily amount -LRB- up to a pre-determined maximum -RRB- for their LTC medical/personal needs for the duration of the LTC event up to a pre-determined maximum benefit period . Now , this is an insurance policy , meaning the policy is to be purchased long before the threat of a LTC event is imminent.The cost of the policy will depend on several factors . Those include the insured 's age and health status when the policy is purchased , the length of the desired waiting period between when a LTC event happens and the start of the policy benefit period , the desired maximum daily benefit amount , and the desired maximum benefit period . 