What is long-term care insurance, and who should consider it?
Updated August 7, 2026
3 minute read
Long-term care insurance helps cover costs that health insurance and Medicare do not. It is especially worth considering for people who want to protect savings, preserve care choices, and reduce the burden on family.
What it is
An insurance plan designed to help pay for ongoing care if you or a family member suddenly needs help with everyday activities, such as bathing, dressing, eating, moving safely, or supervision due to memory loss.
Why it is important
Medicare and health insurance do not cover these expenses. If you need extended care because of a stroke or another debilitating illness, long-term care insurance can help you and your family manage the significant costs that may otherwise have to come from savings.
Who should consider this
Anyone who wants to protect retirement assets, reduce pressure on children, preserve choices for a spouse, or plan ahead while still healthy enough to qualify for coverage.
The goal is not to predict the future, but to preserve your choices.
None of us know exactly what the future will bring, but many families will face a need for long-term care. Planning ahead can help preserve choices about where care is provided, who provides it, and how much of the cost falls on the people you love.
— CARMEL BAY GROUP INSURANCENext Questions
More answers you may find helpful.
Talk to an Advisor
Ask CBG a question.
Health plan networks and out-of-network benefits can be difficult to interpret. We
can help you review the plan, ask the right questions, and better understand the
potential cost before care is received.