At some point in your life, you may need ongoing medical attention if you have a disability or extended illness resulting in long-term care. Nursing homes, assisted living facilities and in-home care can be necessary expenses in this case but may not be covered by standard health insurance or Medicare.
Long-term care insurance can provide benefits when you are rehabilitating after an accident or severe illness. It can also help care for an elderly family member with age-related care needs.
November is Long Term Care Awareness Month, the month-long campaign aimed at educating Americans about the importance of owning long-term-care insurance (LTCI).