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LONG-TERM CARE INSURANCE INFORMATION - LEARN ABOUT LONG-TERM CARE INSURANCE What features of long-term care policies should I focus on? There are various questions and issues to keep in mind when choosing a long-term care policy. Where may care occur? The best policies pay for care in a nursing home, assisted living facility, or at home. Benefits are typically expressed in daily amounts, with a lifetime maximum. Some policies pay half as much per day for at-home care as for nursing home care. Others pay the same amount, or have a "pool of benefits" that can be used as needed. Under what conditions will the policy begin paying benefits? The policy should state the various conditions that must be met. The inability to perform two or three specific "activities of daily living" without help. These include bathing, dressing, eating, toileting and "transferring" or being able to move from place to place or between a bed and a chair. Cognitive impairment. Most policies cover stroke and Alzheimer�s and Parkinson's disease, but other forms of mental incapacity may be excluded. Medical necessity, or certification by a doctor that long-term care is necessary. What events must occur before the policy begins paying benefits? Some older policies require a hospital stay of at least three days before benefits can be paid. This requirement is very restrictive; you should avoid it. Most policies have a �waiting period� or "elimination" period. This is a period that begins when you first need long-term care and lasts as long as the policy provides. During the waiting period, the policy will not pay benefits. If you recover before the waiting period ends, the policy doesn�t pay for expenses you incur during the waiting period. The policy pays only for expenses that occur after the waiting period is over, if you continue to need care. In general, the longer the waiting period, the lower the premium for the long-term care



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LONG-TERM CARE INSURANCE INFORMATION - LEARN ABOUT LONG-TERM CARE INSURANCE What features of long-term care policies should I focus on? There are various questions and issues to keep in mind when choosing a long-term care policy. Our website sells best insurance life rate term Where may care occur? The best policies pay for care in a nursing home, assisted living facility, or at home. Our website sells best insurance life rate term Benefits are typically expressed in daily amounts, with a lifetime maximum. Some policies pay half as much per day for at-home care as for nursing home care. Others pay the same amount, or have a "pool of benefits" that can be used as needed. Under what conditions will the policy begin paying benefits? The policy should state the various conditions that must be met. The inability to perform two or three specific "activities of daily living" without help. These include bathing, dressing, eating, toileting and "transferring" or being able to move from place to place or between a bed and a chair. Cognitive impairment. Most policies cover stroke and Alzheimer�s and Parkinson's disease, but other forms of mental incapacity may be excluded. Medical necessity, or certification by a doctor that long-term care is necessary. What events must occur before the policy begins paying benefits? Some older policies require a hospital stay of at least three days before benefits can be paid. This requirement is very restrictive; you should avoid it. Most policies have a �waiting period� or "elimination" period. This is a period that begins when you first need long-term care and lasts as long as the policy provides. During the waiting period, the policy will not pay benefits. If you recover before the waiting period ends, the policy doesn�t pay for expenses you incur during the waiting period. The policy pays only for expenses that occur after the waiting period is over, if you continue to need care. In general, the longer the waiting period, the lower the premium for the long-term care

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