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Long-Term Care (LTC) Insurance
(redirected from Long term care insurance)

    Also found in: Acronyms, Wikipedia 0.09 sec.
Long-Term Care (LTC) Insurance
Coverage that provides nursing-home care, home-health care, personal or adult day care usually for individuals above the age of 65 or with a chronic or disabling condition that needs constant supervision. LTC insurance offers more flexibility and options than many public assistance programs.

Notes:
Long-term care is usually very expensive, which is why most people need insurance. For example, on average, nursing facilities providing skilled care charge $150 to $300 per day, or over $80,000 a year or more. Even custodial home care at three visits per week can cost over $9,000 a year. Most LTC insurance policies will cover only a specific dollar amount for each day you spend in a nursing facility or for each home-care visit. Thus, when considering an LTC insurance policy, read the policies carefully and compare the benefits to determine which policy will best meet your own needs.
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Four years later, the Bush administration has offered a more targeted policy in which taxpayers would receive a tax deduction for their long term care insurance premiums.
Will tax incentives work for LTC insurance? by Stoil, Michael J. / Nursing Homes
Some 265,000 federal employees applied for long-term-care insurance during the open season of the Federal Long Term Care Insurance Program, according to the company formed to run it.
New federal LTC program attracts 265,000 applicants. (Life/Health: ... by Best's Review
Long term care insurance is catching on--and could shape the future of long term care
Security blanket by Scott, Kim / Contemporary Long Term Care
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