What type of insurance is typically associated with "long-term care" coverage?

Long-term care insurance is primarily considered a type of health insurance. This coverage is specifically designed to provide financial assistance for individuals who need long-term care services due to chronic illness, disability, or aging. It focuses on covering the costs associated with services that help with daily living activities, such as bathing, dressing, and eating, which typically are not paid for by standard health insurance plans or Medicare.

Health insurance generally encompasses a broad scope of health-related expenses, covering medical costs and treatment for illnesses and hospital stays, but long-term care insurance specifically fills the gap for those needing assistance over an extended period. This specialized form of coverage is essential for preserving assets and ensuring that individuals can receive the necessary care without significant financial burden, especially as they age or if they develop chronic health conditions.