Small Business Glossary and Definitions
What is Long-term Care Insurance?
Long-term Care Insurance is a form of healthcare insurance for individuals that provides additional medical support coverage not covered by other health plans. Long-term Care Insurance provides coverage for medical issues and expenses not covered by employee health plans, Medicare, or Medicaid. Typically the insurance is not intended for illness, but for care issues such as convalescence, hospice, home health aides, or other situations in which an individual cannot provide their own daily care and needs.