Source: Ann Carns - The N.Y. Times ( Paid Registration )

Long-term care insurance helps cover the cost of care you may need as you age. Unlike health insurance, long-term care insurance covers help with daily activities like washing, dressing and bathing. Medicare, the federal health program for older Americans, generally doesn’t pay for long-term care. So if you don’t have long-term care insurance, you’ll need to pay for such costs out of pocket, unless you have very little income and can qualify for Medicaid, the federal-state health program for low-income people.

Read Full Article: Premiums Rise for Long-Term Care Insurance. Keep It or Drop It?