Seventy percent of adults over age 65 will eventually need some form of long-term care.

Longterm Care Insurance (LTC) can help to pay for care services that are not typically covered by Medicare or other medical insurance, such as in‑home care, adult day programs, assisted living, and nursing‑home care.

Once the policyholder meets the policy’s care‑need criteria, the LTC policy may pay a daily or monthly benefit for a set period to help defray these costs.

Do you know if your parents or loved ones have a long-term care policy? Seniors sometimes forget that they bought LTC insurance back when they were in their forties or fifties. Ask your parents or loved ones the next time you visit. Seniors may not remember that they have LTC insurance and as a result may not be able to use it when they need long term care service.