Archive for April 13th, 2008
Sunday, April 13th, 2008
Long-term Care Insurance: the basic
by: Djai Tanji
LTC or LTCI is an insurance product being sold in the US and UK that aids in providing for the cost of “long-term care” (a variety of services that helps to meet both the medical and non-medical need of people with chronic illness or disability who cannot take care of themselves for long periods of time) beyond a prearranged period. Health Insurance, Medicare or Medicaid generally does not cover this long-term care insurance. Long-term care does not necessarily mean long term because a person may call for care for only a few months to fully recover from sickness or surgery.