There are two basic types of long term care insurance: comprehensive plans (those that cover care at all levels), and non-comprehensive plans (those that cover only home health care or nursing home care). Home health care only plans cover care from nurses and therapists, as well as personal care from health aides and housekeepers provided in your own home. Nursing home only plans provides a daily benefit to cover the cost of a stay in a skilled nursing facility. Comprehensive plans cover both Home Health and Nursing Home care as well as care in a community based setting (Assisted Living).

When you buy long term care insurance, you'll want to consider the following:

The benefit amount - this is the amount the policy pays each day

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