What to look for in a long term care insurance policy
by Guest » Tue Mar 16, 2010 10:12 am
Long term care insurance is expensive and so I'd like to know more about the things I should look for in it!
Total Comments: 5
Posted: Tue Mar 16, 2010 09:19 pm Post Subject:
Are you trying to determine whether or not to sign up for long term care insurance? Please clarify your question for me. Thanks
Posted: Wed Mar 17, 2010 02:54 am Post Subject:
Indemnity benefit, cost of living adjustment amount, pool of benefit feature if you are not using a lifetime benefit amount.
Posted: Wed Mar 17, 2010 05:44 am Post Subject:
Obviously, you'd need to look for what's in and what's out. It's your choice whether you'd like to pick a policy that just covers nursing home care, or if you'd like to go for one that covers assisted living care as well.
Posted: Thu Mar 18, 2010 09:08 am Post Subject:
You'll qualify for such programs when you need daily living assistance. Impaired cognition could just be another cause.
So, just check if the policy covers your normal daily activities e.g. bathing, having food, toileting etc.
Posted: Fri Mar 19, 2010 04:59 am Post Subject:
I'm sure you'd also like to choose the elimination period. It's the period which lapses till your coverage actually comes into effect. It could stretch from 0-90 days. At times it could even be longer than this. You'll need to pay lesser premiums for a longer elimination period.
Posted: Tue Mar 16, 2010 09:19 pm Post Subject:
Are you trying to determine whether or not to sign up for long term care insurance? Please clarify your question for me. Thanks
Posted: Wed Mar 17, 2010 02:54 am Post Subject:
Indemnity benefit, cost of living adjustment amount, pool of benefit feature if you are not using a lifetime benefit amount.
Posted: Wed Mar 17, 2010 05:44 am Post Subject:
Obviously, you'd need to look for what's in and what's out. It's your choice whether you'd like to pick a policy that just covers nursing home care, or if you'd like to go for one that covers assisted living care as well.
Posted: Thu Mar 18, 2010 09:08 am Post Subject:
You'll qualify for such programs when you need daily living assistance. Impaired cognition could just be another cause.
So, just check if the policy covers your normal daily activities e.g. bathing, having food, toileting etc.
Posted: Fri Mar 19, 2010 04:59 am Post Subject:
I'm sure you'd also like to choose the elimination period. It's the period which lapses till your coverage actually comes into effect. It could stretch from 0-90 days. At times it could even be longer than this. You'll need to pay lesser premiums for a longer elimination period.
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