Long-term care insurance is designed to help create a safety net of security if you are no longer able to care for yourself at some point during your life. If you suffer from a prolonged illness, disability, or cognitive disorder, long-term care insurance can help provide financial support when you need it most. Long-term care insurance provides for several different types of care in a variety of settings. Additional benefits (e.g., meal services, transportation, etc.) may also be available, depending on the type of coverage you select.

Neither traditional medical insurance nor Medicare pays for most of these services, and Medicaid does not pay unless the individual qualifies for welfare assistance.

Long-term care insurance can help protect your financial security. You can avoid relying on family or friends for support. You can also choose the care you need and prefer, including care in your own home.