Long term care helps cover the cost of care in event of illness, accident or the effects of aging. Traditional Medicare will only cover the cost of skilled care, which covers most medical, nursing and rehabilitative services. But more and more seniors require help will their daily activities, such as dressing, bathing or eating, which are considered custodial care, and not covered by Medicare. Long-term care insurance provides valuable support and financial resources, covering custodial care, including home health care workers, and if necessary, the cost of a facility, such as a nursing home or assisted living.