Most people want to stay in their own homes through the later years of their lives, and you may be one of them. After all, you worked hard to pay for your home and have created irreplaceable memories in it. So, with a plan to age in place, there's not much need for long-term care insurance, right?Not exactly. Even if you plan to live out your later years at home, there are additional costs to think about. Long-term care insurance can help you cover those additional costs.
Adjustable beds, mobility scooters and more could make your life easier as you age at home. Unfortunately, this equipment can be costly. The good news is that your long-term care insurance policy may help cover the equipment you need that's not already covered by your health insurance provider. Of course, every policy is different, and some policies simply aren't designed to help you age in place.