Final answer:
Policies that cover home healthcare and facility care are called long-term care insurance policies.
Step-by-step explanation:
Policies that cover home healthcare and facility care are called long-term care insurance policies. These policies are specifically designed to help cover the cost of long-term care services, including home healthcare, nursing home care, and assisted living facilities.
Long-term care insurance provides financial protection for individuals who may need assistance with activities of daily living, such as bathing, dressing, and eating, due to chronic illness, disability, or cognitive impairment.
By purchasing long-term care insurance, individuals can have peace of mind knowing that they have financial support to afford the costs associated with home healthcare and facility care.