The Federal Long Term Care Insurance Program (FLTCIP) provides insurance coverage that reimburses for long term care in places like a nursing home, an assisted living facility, or at home. Purchasing coverage under the FLTCIP may help to protect your savings and assets as well as remain independent in the event you ever need long term care.
The prospect of needing long term care may be far from your mind today, but circumstances can change. With people living longer, the chances of you or an aging relative requiring this type of care increases, which may bring added responsibility for you and your family. That’s why it’s a good idea to have a long-range care plan in place.