Long-Term Care Insurance (LTCI) is a type of insurance designed to cover the costs associated with long-term care. Long-term care is typically defined as any care needed to assist with activities of daily living (ADLs), such as bathing, dressing, transferring, toileting, and eating, due to a chronic illness, cognitive impairment, or disability.

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Long-term care is typically not covered by Medical Insurance, Medicare Supplements or Medicare. Medicaid, the federal and state funded program, is for those with limited or no assets and or income.

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Long-term care insurance can help pay for services such as home care, assisted living facilities, and nursing homes. It is important because long-term care can be very expensive, and many people may not be able to afford it without some form of insurance.

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In addition, the need for long-term care is becoming more common as the population ages and people are living longer with chronic conditions. Without long-term care insurance, people may need to rely on their personal savings or family members to pay for long-term care, which can be a significant financial burden.

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Having long-term care insurance can provide peace of mind, knowing that if the need for long-term care arises, there is a plan in place to help cover the costs.