As you know, Long Term Care insurance is meant to provide assistance in the event of a nursing home stay. You may not know that many policies insure against the financial consequences of a nursing home stay and also provide coverage for Assisted Living Facilities. These facilities provide a range of care, depending on the patient’s needs, but do so in a setting which feels much more like home.
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LTC Insurance Blog
Simplifying the process of understanding Long Term Care, and helping you decide if Long Term Care insurance is right for you.
Medicare Supplement insurance (Medigap) is private insurance that helps pay for some of the gaps in Medicare coverage, such as hospital deductibles and excess physician charges above what Medicare approves.
There are two classifications of care usually associated with a Long Term Care claim. They are Custodial Care and Skilled Care. Be sure to understand which types of care you are eligible for under your Long Term Care policy.
It is very important to be aware of the requirements necessary to trigger benefits in the event that you need to file a Long Term Care claim. Guidelines vary, but can be found in the Outline of Coverage you will receive with your policy. The guidelines in your policy will have an impact on how easily you can qualify for benefits.