According to a new report from the Urban Institute, many Americans will develop health problems as they age and need assistance with everyday activities. Private long-term care insurance could protect them from high out-of-pocket costs if they need paid assistance at home or in nursing or assisted-living facilities. Yet, only 11 percent of adults ages 65 and older had coverage in 2014, including only 25 percent of those worth at least $1 million and who would benefit most from coverage.

The report can be accessed at http://www.urban.org/sites/default/files/alfresco/publication-pdfs/2000881-Who-Is-Covered-by-Private-Long-Term-Care-Insurance.pdf.