What is 'long-term care insurance'?

Long-term care insurance is specifically designed to cover services for individuals who need assistance due to chronic health issues, disabilities, or age-related conditions. This form of insurance helps pay for various types of care that may not be covered by traditional health insurance or Medicare, including nursing home care, assisted living, and in-home care services.

The focus of long-term care insurance is on the ongoing support that individuals may require over an extended period, often due to the inability to perform basic daily activities such as bathing, dressing, or eating. By providing financial assistance for these essential services, the policy aims to alleviate the burden on both the insured individuals and their families, allowing for a dignified quality of life despite health challenges.

In contrast, the other options pertain to different forms of insurance. Immediate surgery coverage, unexpected medical bills, and travel insurance for emergencies do not align with the specific purpose of long-term care. Each of these types serves a distinct function within the healthcare and insurance frameworks and does not address the prolonged care needs associated with chronic illnesses.