Traditional Long Term can be expensive. Sometimes a shorter term solution can still provide some benefits without breaking the bank. Many times long term and short term care policies are used in conjunction with each other as a short term plan may have benefits starting on the first day of care. The LTC plan may have an elimination period of up to a year. The two plans can work together to bridge this gap.
Many people associate "Long Term care" with nursing home insurance. Things have progressed over the years and Long Term Care provides much more than just nursing home insurance. One of the main reasons people purchase LTC today is so they can stay out of a nursing home as long as possible by bringing care into their personal home.