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.''.
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