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Financial Planning 15 min read

Understanding Long-Term Care Insurance: A Complete Guide for Families

"Long-term care" (LTC) is ongoing help with basic daily tasks because of a chronic illness, disability, or cognitive issue like dementia. It's mostly custodial (non-medical) care, not hospital-style medical treatment.

Blue Wave Home Care
Expert Care Team
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Key Takeaways

  • 70% of people over 65 will need long-term care
  • Medicare doesn't cover most long-term care costs
  • LTC insurance protects your family's financial future
  • Best time to buy is in your 50s to early 60s

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