Health · Chapter 17 · Long-Term Care
Long-Term Care Insurance
Definition
Covers medical + personal services for people needing help with the activities of daily living due to chronic (not acute) conditions — at least 12 consecutive months of care in a setting other than a hospital. Sold as stand-alone policies, life riders, or hybrid contracts. Medicare and Medigap barely touch this risk.
In plain English
Disability insurance protects your paycheck; LTC protects your independence.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms