Long-term care insurance provides care for those who need long-term assistance in a nursing home, care at home or adult daycare. What it also provides, though, is peace of mind that yourself or loved ones will be able to afford the help that might have been provided by family or friends in years past. Although long-term care insurance has been around since the late 1970’s, the popularity emerged during the 80’s and 90’s. With more and more Americans needing this service, it is important to be informed of your options. While Medicare covers only short stays in a nursing facility, Medicaid can fill in the gap but only after you have depleted your financial accounts. Therefore, if you envision an assisted living center as your future home, you will need the necessary resources to fund this option. Are you prepared?