Long-term care insurance is a type of insurance designed to cover the costs associated with long-term care services, which are not typically covered by regular health insurance or Medicare. These services include assistance with daily activities such as bathing, dressing, eating, and mobility, whether provided in a nursing home, assisted living facility, or the insured’s own home. Policyholders pay regular premiums, and in return, the insurance helps cover expenses for care when needed due to chronic illness, disability, or aging. This type of insurance provides financial protection and helps ensure that individuals receive the necessary care without depleting their savings.