Long-term care insurance
Nobody wants to think about the prospect of a lengthy illness or permanent disability. Unfortunately, for many retirees these become a reality as they reach the end of their lives, and such circumstances can drain the savings of the financially unprepared.
Long-term care insurance was developed for just these circumstances. It covers the services that most medical insurance — including Medicare — does not cover, such as:
- Nursing home care
- Assisted living services in a residential setting
- In-home assistance with daily activities like bathing, eating and dressing
- Outpatient nursing and therapy
- Community programs like adult day care
