Purchasing any type of insurance can be seen as a gamble.
Am I going to need it? How much do I need? Am I just throwing my money away if I don’t use it?
These questions are valid for any type of insurance, but the answers are particularly important when it comes to long-term care insurance.
Long-term care insurance provides financial support to pay for physical health care that is not covered by Medicare or regular health insurance policies. It provides coverage for nursing home or assisted living facility stays, or in-home caretaker costs. Most regular health care insurance only offers three months coverage of such expenses.
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