Is there anything called a non-qualified Long Term care insurance? How does it differ from a qualified one?
Total Comments: 14
Posted: Tue Feb 02, 2010 11:23 pm Post Subject:
A couple of small points...
1)Like InsTeacher, I've never seen a situation where a NTQ policy was taxable.
2)With TQ policies, there is not a requirement for 90 days of care. There is a requirement of an expectation of 90 days of care.
3)TQ policies are based upon being "chronically ill". The definition of "chronically ill" includes "cognitive impairment". Therefore, a TQ policy must contain a cognitive impairment trigger.
Posted: Thu Oct 28, 2010 01:38 am Post Subject: what is long term care?
what exactly is long term care? i know amerigroup insurance offers it...
Posted: Thu Oct 28, 2010 11:51 pm Post Subject:
what exactly is long term care? i know amerigroup insurance offers it...
Here's the Fed GubMint's site on LTC, it's actually pretty good as a primer for LTC.
Posted: Tue Feb 02, 2010 11:23 pm Post Subject:
A couple of small points...
1)Like InsTeacher, I've never seen a situation where a NTQ policy was taxable.
2)With TQ policies, there is not a requirement for 90 days of care. There is a requirement of an expectation of 90 days of care.
3)TQ policies are based upon being "chronically ill". The definition of "chronically ill" includes "cognitive impairment". Therefore, a TQ policy must contain a cognitive impairment trigger.
Posted: Thu Oct 28, 2010 01:38 am Post Subject: what is long term care?
what exactly is long term care? i know amerigroup insurance offers it...
Posted: Thu Oct 28, 2010 11:51 pm Post Subject:
what exactly is long term care? i know amerigroup insurance offers it...
Here's the Fed GubMint's site on LTC, it's actually pretty good as a primer for LTC.
http://www.medicare.gov/longtermcare/static/home.asp
InsTeacher 8)
Posted: Fri Oct 29, 2010 11:27 pm Post Subject:
thanks. i'll look into it.
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