It is an insurance product that sold in the United Kingdom and the United States intended to give coverage for necessary medical or personal care outside the hospital or in a nursing home, or even at the insured's home. In another word, it is an insurance that pays benefits in the event of the insured suffers disabilities or chronic (lasting for a long time) illnesses. This policy also covers care not provided by health insurance, Medicare or Medicaid. In some countries, this kind of policy does not exist. If a patient who has children or family folks, and if he needs long-term care, the hospital will ask his children to take him to private nursing home or old folk's home, of course at their expenses. If a patient can't afford the medical cost of a private hospital, he can choose to admit to a government hospital. The governmentsponsored hospitals provide very cheap medical treatment so that the patients can afford. If a patient outstays a desirable period but still needs medical care, and he can't afford to pay for the cost, he can apply to social welfare sponsored a nursing home, and for free, until his dying day. Long-term care insurance provides the insured daily care if he/she can't do it him/herself due to chronic illnesses such as Alzheimer's and Parkinson's disease. The basic nursing cares provided bathing, dressing, combing, eating and other daily living activities. Is long-term care insurance needed? Some people regard this as unnecessary because the premiums are expensive; moreover, the self-contradiction is you pay something you hope you will never use it. Anyhow, whether you need or you don't, it will cost you nothing if you know about this policy, see what it can provide you and how much is the premium?
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