What does long term care insurance cover?

Long term care insurance (LTCi) will cover in-home care, assisted living, adult day care, and nursing home needs. 

Most people would rather stay in their home as they age.  LTCi policies can postpone or even eliminate the need for nursing home care. Quality of life is enhanced when a policy holder and their family has options and control over their life.  Coverage can be "right sized" to meet most budgets.  It is the private sector's solution to the serious costs of health care for the aging population.