Which type of insurance typically covers long-term care expenses?

Long-term care insurance is specifically designed to cover the costs associated with long-term care services, which may not be included in traditional health insurance policies. These services can include assistance with activities of daily living, such as bathing, dressing, or eating, and may be provided in various settings, including nursing homes, assisted living facilities, or even in the individual's own home. This type of insurance is crucial for individuals who wish to protect their assets and ensure they receive the proper care as they age or face chronic illnesses.

In contrast, health insurance generally covers acute medical care and treatments but does not typically address the extended care needs that arise from chronic conditions or disabilities. Cancer insurance focuses only on expenses related to cancer diagnosis and treatment, while disability insurance primarily provides income replacement to individuals who are unable to work due to a disabling condition, without covering long-term care expenses. Therefore, long-term care insurance is the most appropriate choice for covering long-term care costs.