Does long-term care insurance cover in-home care?

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Does long-term care insurance cover in-home care?
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Knowing whether this type of insurance covers in-home care costs can help you decide if a policy makes sense for you.

is an essential component of financial planning for many individuals as they age. This type of policy provides peace of mind by covering the costs associated with care services when individuals can no longer perform daily tasks independently due to aging, illness or disability.

But while this type of care can be more comfortable than a nursing home or assisted living facility, it can also be costly. In turn, it can be helpful to know whether, which allows policyholders to receive care in the comfort of their own homes. And, this type of care can span a wide range of services.

In fact, there are significantly more people who receive in-home care than there are in nursing homes, according to the LTCi Sourcebook, published by AALTCI. The association's data shows that there are about 7.6 million individuals who currently receive care at home due to issues from acute illnesses, permanent disability, long-term health conditions or terminal illness. Conversely, there are about 1.8 million individuals who currently receive care in nursing homes.

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