What type of insurance generally helps with high care costs that aren't typically covered by traditional insurance?

Long-term care insurance is specifically designed to assist individuals with costs associated with extended care services that traditional health insurance often does not cover. This type of insurance typically provides financial support for assisted living facilities, nursing homes, or at-home care services for individuals who have chronic illnesses, disabilities, or cognitive impairments that necessitate ongoing personal assistance.

Traditional insurance plans may not cover these high expenses since they often focus on acute medical care rather than the long-term services that people may need as they age or when facing severe health challenges. By providing a dedicated policy for long-term care, this insurance allows individuals to safeguard their finances and ensure that they receive the necessary care without placing undue strain on their loved ones or depleting their savings.