Long term care insurance coverage is usually excluded from a standard health insurance policy. A comprehensive health insurance plan will only give you coverage for not more than 90-120 days. That’s why there’s need for a long term care insurance policy and is a wise move if you want to protect yourself from the financial ruin that could result from long term non-medical care.

In order to ensure that I don’t give misleading information, take note of the following: It still remains under regular health insurance if the care required is purely medical in nature. However, for long term care that come in the form of assisted living, you’ll need to get a long term care insurance policy.

To ensure we all are on the same plate, I’ll take a few moments off to explain what assisted living is. If a person needs assistance to eat, dress up, take his/her bath and so on due to old age or a health condition like stroke, then such a situation is assisted living.

While in most cases such care is given by family members, it does have a disorganizing effect both emotionally and socially. So, in most cases, professionals in this field are called in. Can you imagine what a family will have to spend on such a professional if the long term care period runs for a year or two?

Another option is a nursing home. It could cost as much as $90k per annum depending on the place and level of care required. Apart from the very rich, this is a sure recipe for financial ruin. So for the average joe, long term care insurance is a way to take care of this type of situations.

Let me stress this: Your health insurance plan does not cover cost for assisted living or non-medical care for any protracted period. However, long term care insurance too does not serve as an alternative to health insurance. These two policies take care of two different sets of needs.

Not everyone needs long term care insurance. Anyone who can easily handle an expense of $100k does NOT need it. You also don’t need it if you don’t have substantial assets and are sure you’ll be poor enough to take advantage of Medicaid.

If you need long term care insurance and want to save much, visit and get long term care insurance quotes from at least three quotes sites. Evaluate the quotes you receive and pick what represents the best combination of adequate coverage and affordable rate.

There are sites that help you save much more both by giving tips and ensuring you are on course for the best rates. Following are are couple of such: affordable health insurance and low cost health insurance. Chimezirim has helped many folks realize sizeable savings on insurance.