Long term care insurance is not for everyone, can be expensive, and needs to be used in the correct situation. Given the variety of insurance available, we have to understand the need and then determine what type of coverage, if any, is most appropriate. A common policy would cover you for a certain number of years but once that period concludes you would then be responsible again for the expenses of your care. These are called non NYS Partnership policies. A second type of policy is called a NYS Partnership policy. This covers your care for a period of years and if at the end of that period, you still need care, you would need to spend your income but you would not need to spend your assets.
These policies are not necessarily limited to New York but do need to originate in New York.