LONG-TERM CARE INSURANCE

What is LONG-TERM CARE INSURANCE?

LONG-TERM CARE INSURANCE meaning A private insurance policy to help pay for some long-term medical and non-medical care, like help with activities of daily living. Because Medicare generally does not pay for long-term care, this type of insurance policy may help provide coverage for long-term care that you may need in the future. Some long-term care insurance policies offer tax benefits; these are called “Tax-Qualified Policies.”

 

reference: Centers for Medicare & Medicaid Services

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