How does long term care insurance work? What does it pay for? Who does it pay for? Will I regret paying the money?
Unlike traditional health insurance or Medicare, Long – term care insurance is designed to cover long –term services and support, including personal and custodial care in a variety of setting (home, community organization, or facility). Long term care insurance (LTC insurance) policies reimburse policyholders a daily amount (pre-selected limit) for services to assist them with Activities of daily living (ADL)…