Contrary to popular belief, health insurance policies and Medicare do not pay for long-term care expenses. It would, therefore, be unwise to spend your hard-earned savings on treatments that could last months, or longer. Even if money is not a concern, the cost of long-term care can quickly diminish your savings.
Long-Term Care Insurance not only takes care of your extended care expenses, but also offers you the freedom to choose the benefits period and the long-term care service from your preferred nursing facility.