Consider again the earlier example. The VAR for a single loan is $2 million. The expected shortfall from a single loan when the time horizon is one year and the confidence level is 99% is, therefore, the expected loss on the loan, conditional on a loss greater than $2 million.
Long-term care is a range of services and supports you may need to meet your personal care needs. Most long-term care is not medical care, but rather assistance with the basic personal tasks of everyday life, sometimes called Activities of Daily Living (ADLs) , such as: 1  Bathing. 2  Dressing. 3  Using the toilet. 4  Transferring (to or from bed or chair).
For example, a policy may cover up to $150 / day for long term care. However, the definition of what long term care is varies with every policy. Fortunately, most policies consider the cost of medically necessary, durable or home medical equipment to be a covered long term care expense. Existing policy holders should check with their insurance providers to determine if durable medical equipment is covered.