There are many types of senior care insurance, from long term care insurance to Medigap supplemental insurance policies. Each can provide different levels of coverage for the needs that my come into play as and elderly loved one ages.
Long-term care insurance (LTCI). As we get older and face the challenges of aging, many of us begin needing help with daily activities we’ve performed all our lives. Simple tasks like eating, dressing, bathing and simply getting around can become much more difficult and can rob us of our joy for living. If you or a senior loved one winds up needing care in one’s old age, with a long term care insurance policy you’ll have the funds needed to pay for at-home nursing care, adult day care, residential care or one of hundreds of other types of senior aid.