Archive for January, 2011
Long Term Care Planning – Not Just For the Elderly
LONG TERM CARE INSURANCE A brief look at LTC coverage and the compelling reasons for it.
The interest in long term care insurance has been rising as more Americans are living past age 80. Yet, a 2006 AARP study noted that most Americans surveyed were underestimating the rising costs of LTC, and presupposing that government programs would provide adequate assistance.
The different care options. Most people assume LTC insurance pays only for nursing home care, but that is inaccurate. Insurers and healthcare providers commonly define long term care as assistance provided to someone with a condition or illness that limits their ability to perform normal daily activities. LTC insurance can also help pay for rehabilitative care, therapeutic care, and various types of assisted care in the home.
Tags: benefit policies, dollar benefits, home health aide, life insurance policies, long term care insurance, ltc services, nursing home care, standard life insurance, term care insurance, therapeutic careRelated posts
Long-term Care Insurance 12 Questions To Ask
Considering these factors, long-term care insurance may be the most important purchase you ever make.
Unfortunately, long-term care insurance policies are complex, and seemingly minor details can make a tremendous difference in the level of care you eventually receive. You’ll need to sample a variety of policies, ask lots of questions and have your broker or agent explain the intricacies of the policy in detail because what may seem minor now could mean the difference between being covered or not at a crucial time.
The following 12 questions will help unravel the complexities and gather the information hou need in shopping for a long-term care policy, including whether you should be shopping for one at all.
Tags: adult day care, degenerative disease, government assistance, insurance policies, intricacies, life functions, long term care insurance, medical insurance, minor details, term care insuranceRelated posts