Long-Term Care Insurance. What is the purpose of long-term care insurance? What factors influence long-term care insurance premiums? What factors should be considered when purchasing long-term care insurance? The purpose of long-term care insurance is to cover expenses associated with long-term health illnesses: (Select the best answer below.) O A. for persons on Medicaid. B. for persons age 65 or older. C. for persons on Medicare. D. that cause individuals to need help with everyday tasks. The factor that does not influence long-term care insurance premiums is: (Select the best answer below.) O A. health condition. B. age. C. gender. D. desired amount of coverage. The factors that should be considered when purchasing long-term care insurance are: (Select the best answer below.) O A. the number of subscribers and the premium to be paid. B. the number of subscribers and the age of subscribers. C. the credit rating of the insurance company and the premium to be paid. O D. the credit rating of the insurance company and the number of subscribers