Experts say that only about 10 percent of seniors bought a long-term health care policy and are covered. That could be because it’s tough to decide whether they’re right for you. As Michelle Andrews explains, they have many moving parts: After a waiting period, they generally pay a set daily benefit for a certain number of years, depending on how much you pay and at what age you start paying in. And, they also tend to be expensive. Listen to the audio.
Related column: Few Seniors Have Long-Term Care Insurance