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Insurance

What is long-term care insurance?

Quick Answer

Long-term care insurance pays for nursing home, assisted living, or in-home care when you can't perform 2 of 6 activities of daily living. Medicare and most health plans don't cover this. A 60-year-old couple typically pays $4,000-$6,000/year combined.

How long-term care insurance triggers and what it pays.
Warren Team
Updated April 26, 2026
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Important Disclaimer:

The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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