Someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and support, and neither your health insurance nor Medicare covers these costs. However, a long-term care insurance solution may help you cover the costs, and there are innovative solutions out there, like a hybrid life/LTC policy.

Most long-term care needs do not relate to medical care aid, but rather assistance with the Activities of Daily Living (ADL) such as bathing, dressing, using the toilet, caring for incontinence, eating, and transferring (moving from bed to chair).