Generally, long-term care insurance covers the care-related expenses of its policyholder. Policies usually pay a particular amount of benefits for a specified amount of time. However, the level of coverage differs among policies, because it is dependent on a number of factors such as the insurance company and the unique needs of the policyholder.

Long-term care insurance covers a wide array of care services and settings. These are:

  • Home care
  • Adult day care center
  • Assisted living
  • Nursing homes

It can also pay for services that are essential to quality of care such as home modifications and care coordination services.

Restrictions on the certification or qualification of the care provider or setting also vary from policy to policy. Some insurance companies are more stringent and requires that you receive care from a certified caregiver or facility, while others are more lenient and allow you to appoint a care provider of your choice.

Depending on the company, a policy can also have a provision for future services that are not specified in your policy. If a new care service or setting is introduced later on and your situation requires it, you can expect your policy to pay for it.