How many LTC policies are there?
It is important to know that a LTC policy is a long-term care insurance, an insurance product sold in the United States, United Kingdom and Canada. It is important to know that long-term care insurance is not generally covered by health insurance. Needless to say, long-term care insurance generally covers home care, assisted living, adult daycare, respite care, hospice care, nursing home and Alzheimer’s facilities. There are two main types of LTC policies in the United States of America: tax qualified (TQ) policies and non-tax qualified policies.