Long-term care is one of the biggest gaps in Medicare coverage, and long-term care insurance is one way to prepare.
What it covers
Policies typically help pay for nursing home care, assisted living, or in-home care.
Weighing the cost
Premiums can be significant and tend to rise with age, so many evaluate this in their 50s or 60s.
Alternatives include self-funding, hybrid policies, or family caregiving.