Which statement about long-term care insurance is true?

Question

Quizplus · Accepted Answer

Long-term care insurance is a private insurance policy that can be purchased by an individual to help pay for long-term care in the future, should it be needed. The benefit of long-term care insurance is that it can help to pay for long-term care services, which help to protect the person's savings and assets. The disadvantages are that long-term care insurance is very expensive and somewhat risky. Like Medicare, long-term care insurance does not pay for all costs associated with nursing home care. Even if the insurance pays for the nursing home stay, it may not cover additional expenses related to medications, supplies, or other special services and therapies.

Which Statement About Long-Term Care Insurance Is True