• Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility.

    Long-term care insurance policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to assist them with activities of daily living such as bathing, dressing, or eating.  You can select a range of care options and benefits that allow you to get the services you need, where you need them.

    The cost of your long-term care policy is based on:

    • How old you are when you buy the policy
    • The maximum amount that a policy will pay per day
    • The maximum number of days (years) that a policy will pay
    • The maximum amount per day times the number of days determines the lifetime maximum amount that the policy will pay.
    • Any optional benefits you choose, such as benefits that increase with inflation

    If you are in poor health or already receiving long-term care servicesyou may not qualify for long-term care insurance as most individual policies require medical underwriting. In some cases, you may be able to buy a limited amount of coverage, or coverage at a higher “non-standard” rate.  Some group policies do not require underwriting.

    All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. Approval for coverage under the policy and attached LTC riders is subject to underwriting and may require a medical exam. Policy guarantees and benefits are not backed by the broker/dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

  • Wendy Boglioli on Long Term Care Insurance