What to look for in a long term care insurance policy

Message Author
Add to del.icio.us
Add to YahooMyWeb
Add to Simpy
Add to BlinkList
PostPosted: Tue Mar 16, 2010 10:12 am   Post subject: What to look for in a long term care insurance policy  

Long term care insurance is expensive and so I'd like to know more about the things I should look for in it!
_________________
Register Now to have your Insurance queries solved.
Purpleheaded08
Guest






PostPosted: Tue Mar 16, 2010 9:19 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
anon3
New member
Leave a quick message


Joined: 16 Mar 2010
Posts: 8

Location: US
2.04 Dollars($)

PostPosted: Wed Mar 17, 2010 2:54 am   Post subject:   

Indemnity benefit, cost of living adjustment amount, pool of benefit feature if you are not using a lifetime benefit amount.
BNTRS
Senior member
Leave a quick message


Joined: 05 Nov 2009
Posts: 533


102.03 Dollars($)

PostPosted: Wed Mar 17, 2010 5:44 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.
carol
Preferred member
Leave a quick message

carol
Joined: 28 Sep 2005
Posts: 162


28.59 Dollars($)

PostPosted: Thu Mar 18, 2010 9:08 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.
steven
Senior member
Leave a quick message

steven
Joined: 02 Feb 2006
Posts: 1179


177.33 Dollars($)

PostPosted: Fri Mar 19, 2010 4:59 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.
roddick
Senior member
Leave a quick message

roddick
Joined: 05 Oct 2005
Posts: 699


116.23 Dollars($)

Quick Reply
Your Name
Subject
Message body
All times are GMT
Page 1 of 1

 

Ask Community Experts

flash plugin

Quick Links
Must See
Community
Hot topics in forums

Latest in blogs