Long Term Care Insurance Request a Quote This type of insurance policy can help pay for many types of long-term care, including both skilled and non-skilled care. Long-term care insurance can vary widely. Some policies may cover only nursing home care, while others may include coverage for a range of services, like adult day care, assisted living, medical equipment, and informal home care.You Have Options When Paying for Long-Term CarePeople pay for long-term care in a variety of ways. These include using personal assets, long-term care insurance and Medicaid for those who qualify. Medicare, Medicare supplement insurance and health insurance usually will not pay for long-term care.Decide Whether Long-Term Care Insurance is for YouWhether you should buy a long-term care insurance policy will depend on your age, health status overall retirement goals, income and assets. For instance, if your only source of income is a Social Security benefit you probably should not buy long-term care insurance since you may not be able to afford the premium. On the other hand, if you have a large amount of assets but do not want to use them to pay for long-term care, you may want to buy a long-term care insurance policy. Many people buy a policy because they want to stay independent of government aid or the help of family. They don’t want to burden anyone with having to care for them. However, you should not buy a policy if you can’t afford the premium or are not sure you can pay the premium for the rest of your life.When considering a purchase of a long term care policy, be sure to compare benefits, the types of facilities covered, limits on your coverage, what is not covered and the premium. Policies from different insurance companies often have the same coverage and benefits but costs may vary widely.We represent the top companies in the long term care insurance marketplace. Our licensed, experienced professionals are here to help. Request a Quote: Please indicate if quote is for Group Benefits, Life, Health, Medicare, Disability, Long Term Care or other Name Email Phone Question Thank you! Oops!