Home/Glossary/Long-Term Care InsuranceGlossary · Long-Term CareLong-Term Care InsurancePrivate insurance that pays a daily benefit toward long-term care expenses when you can't perform 2+ ADLs or have cognitive impairment.Related TermsSkilled Nursing Facility (SNF)Long-Term Care OmbudsmanMinimum Data Set (MDS)Payroll-Based Journal (PBJ)Home and Community-Based Services (HCBS)Activities of Daily Living (ADLs)Instrumental Activities of Daily Living (IADLs)Hybrid LTC Policy← Back to glossary index