What is a long-term care contract?

A long-term care contract is defined as an insurance contract that specifically provides coverage for long-term care services. These services can include assistance with daily living activities, such as bathing, dressing, and eating, which may not be covered by traditional health insurance or Medicare.

Long-term care contracts are designed to support individuals who need care for an extended period, often due to chronic illness, disability, or cognitive impairment. This can involve in-home care, nursing home care, or assisted living facilities, ensuring that individuals receive the necessary support while protecting their assets and finances.

The focus of option B highlights this critical aspect, indicating that it directly relates to long-term care services, distinguishing it from other types of insurance contracts that cover general health expenses, life and disability, or short-term health coverage. This specificity underlines why option B is the accurate choice in defining what a long-term care contract entails.