# Long-Term Care Insurance

*Insurance — Finicade finance glossary*

Long-term care insurance covers help with daily living — a care home, an aide at home — which health insurance and Medicare largely do not. It's the biggest uninsured retirement risk, with care costs running to six figures a year in some markets. The industry has been troubled: insurers systematically underpriced early policies and then imposed steep premium increases on holders too old to switch.

**Also known as:** LTC insurance, care home insurance, aged care cover

**Related terms:** [Medicare](https://finicade.com/glossary/medicare), [Longevity Risk](https://finicade.com/glossary/longevity-risk), [Insurance Premium](https://finicade.com/glossary/insurance-premium), [Disability Insurance](https://finicade.com/glossary/disability-insurance), [Estate Planning](https://finicade.com/glossary/estate-planning)

Source: https://finicade.com/glossary/long-term-care-insurance