Long-term care policies typically cover which type of expenses?

Long-term care policies are specifically designed to provide coverage for various types of care that individuals may need over an extended period, typically when they are unable to perform daily activities due to chronic illness, disability, or cognitive impairment. Nursing homes are a key component of long-term care, as they offer institutional care for those who require assistance with daily living activities and medical supervision.

While prescription medications, ambulance services, and outpatient therapy may be important components of a person's overall healthcare plan, they are not the primary focus of long-term care policies. These policies primarily address the costs associated with facilities and services aimed at providing personal care and continuing support, which is best exemplified by nursing homes. Therefore, the coverage of nursing home expenses is a defining aspect of what long-term care insurance is intended to provide, making it the correct choice in this context.