Which type of healthcare plan is specifically for members who need long-term care?

Long-term care insurance is specifically designed to provide coverage for individuals who require assistance with daily living activities over an extended period. This type of insurance is essential for those who may not be able to live independently due to chronic illness, disability, or cognitive impairment, helping cover the costs of care in various settings, including nursing homes, assisted living facilities, or in-home care.

In contrast, health maintenance organizations (HMOs), preferred provider organizations (PPOs), and exclusive provider organizations (EPOs) are more general health insurance plans that mainly cover medical services, treatments, and preventive care, but they do not provide the specialized coverage needed for long-term care needs. Long-term care insurance addresses a unique niche in healthcare by focusing on the extended care that involves personal and custodial services, making it the correct option in this context.