Long Term Care Insurance provides coverage of costs for a person who is unable to care for themselves for an extended period of time. This type of insurance is usually associated with the elderly but it can be necessary at any age. Long term care insurance will pay for licensed in home nursing care, or even assisted care in a licensed facility. It is even possible to obtain a long term care insurance policy that will cover the cost of in home medical equipment, specialized beds, and other expendable goods like adult diapers. Long term care insurance is an excellent way for you to protect your financial assets if you are injured and unable to care for yourself as this type of care can be very expensive and typically goes on for years.

 There are a number of insurance companies who offer completive prices for long term care insurance but you should carefully study the premium to make certain the coverage is right for your situation.

The Federal Government does provide a form of long term care insurance in the form of Medicaid. This coverage is often only available to low income individuals and the coverage is often not 100% of the cost.