NY estates planning & probate attorney Russel Morgan, Esq. explains how long-term care insurance is used in estate planning. He explains that long-term care insurance plays a crucial role in estate planning because it provides a hedge against the need for Medicaid. When properly established in advance, it specifically covers long-term care expenses. If the individual ever requires placement in a nursing home or a long-term care facility for six months or longer, potentially for the rest of their life, the policy will cover those costs. Integrated into an estate plan, long-term care insurance is an essential tool that works hand in hand to protect both the individual and their assets.