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What is Long Term Care Insurance?

Long term care insurance (also known as 'LTC' or 'LTCI') can be purchased to ensure that you or your loved one are covered for the costs assocaited with home care, skilled nursing (nursing homes), assited living, hospice, or Alzheimer's care. LTC insurance covers the costs that generally are not covered by other forms of health insurance, Medicaid, or Medicare. It is estimated that some 60% of people over the age of 65 will require some from of long-term care, thus the investment in Long Term Care Insurance is a wise one.