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TeachMeFinance.com - explain Long-Term Care Insurance Long-Term Care Insurance The term 'Long-Term Care Insurance ' as it applies to the area of Medicare in the United States can be defined as ' A private insurance policy to help pay for some long-term medical and non-medical care, like help with activities of daily living. Because Medicare generally does not pay for long-term care, this type of insurance policy may help provide coverage for long-term care that you may need in the future. Some long-term care insurance policies offer tax benefits; these are called 'Tax-Qualified Policies.''. Previous 5 Terms: longshore drift longshore transport rate longshore trough Long-Term Care Long-term Care Hospital Next 5 Terms: Long-Term Care Ombudsman Long-term debt Long-term purchase Long-term self-renewal Long-throated flumes About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.