Is some type of long term insurance right for you? The options may be difficult to navigate. Long term care insurance can cover the cost of care not covered by health insurance or Medicare, and policies may cover care given at your home, a nursing home, an assisted living facility or adult day care. Laurie Sappern Gaugler, CLTC, will explain the basics of a long term care policy. Understand how having this coverage may protect your financial security.