Long-term care coverage pays for help with everyday living, not doctor bills. Most policies cover care wherever you receive it.
Usually covered
- In-home care from a home health or personal care aide
- Adult day care
- Assisted living
- Memory care for Alzheimer's and dementia
- Nursing home care
- Hospice and respite care (many policies)
- Care coordination services
Usually not covered
- Care received before you qualify (two of six ADLs or severe cognitive impairment)
- Care during the elimination (waiting) period
- Care from family members, on many reimbursement policies
- Conditions excluded in the contract
Read the fine print
Coverage varies by carrier and policy. We'll show you exactly what each option pays for, and how, before you decide.
Questions
Does long-term care insurance cover memory care?
Yes. Severe cognitive impairment is a benefit trigger on tax-qualified policies, and memory care in a facility or at home is usually covered.
Does it cover care outside the United States?
Some policies pay a portion of benefits for care abroad; many don't. If you may retire overseas, ask before you buy.