What is Long Term Care
Insurance?
Long Term Care Insurance is private insurance
specifically designed to cover some or all of your long-term
care costs.
 The
policies cover skilled, intermediate and custodial care whether
the care is provided in the home, an adult day care center,
assisted living facility, or if necessary, a nursing home.
There is a federal law, the Health Insurance Portability and
Accountability Act, that gives some federal income tax
advantages to people buying policies called Tax-Qualified (or
simply Qualified) Long Term Care Policies. You
should also check with your state insurance department to see if
they offer any additional tax advantages. Contact
the National Association of Insurance Commissioners and ask for
their free booklet, The Shopper's Guide to Long-Term Care
Insurance. Call (816) 374-7259 for your copy.
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