What Is Long Term Health Care Insurance?
Intro - Long Term Care Insurance What is LTC Insurance? Long Term Care Issues The Cost Factors Types of Products Inquire About Us	A long term health care policy is a contract between you and an insurance company. In exchange for premium payments you make, the company promises to pay you benefits for the covered cost of long term care when you need it. LTC insurance helps cover the cost of services for people who have an extended physical illness, an extended disability or a cognitive impairment. A long term health care insurance plan can help protect your independence and your dignity by giving you the freedom of choice to receive help: At your own home, if medically appropriate At an appropriate facility you select SHOP AROUND. Since the criteria for triggering coverage on the new federally qualified policies will be standardized, the only way to tell them apart is to compare the benefits themselves. For example, one policy may offer a higher degree of inflation protection; another, the services of a geriatric manager. Here are some things to look for: At least one year of nursing home or in home coverage, including intermediate and custodial assistance. Nursing home or in home care benefits shouldn't be limited primarily to skilled professionals. Coverage for Alzheimer's disease and dementia. Coverage for inorganic as well as organic disorders. An inflation protection option. Unintentional Lapse Protection Waiver of Premium Spousal Discount Survivorship Benefit Option An "outline of coverage" that systematically describes the insurance policy's benefits, limitations and exclusions, and also lets you compare it with others. A guarantee that the policy cannot be canceled, non-renewed, or otherwise terminated because you get older or suffer deterioration in your physical or mental health. The right to return the policy within 30 days for a full premium refund, if after having received the policy, you decide that you do not want it. To help protect the savings you've spent a lifetime to build and to help maintain your financial independence, consider long term health care insurance. It can make a lot of sense for you and help give you peace of mind. Home | What Is LTC? | What is LTC Insurance? | What Is The Cost? | Long Term Care Insurance Products | Feature Checklist | What To Look For | Needs | benefits | glossary | Related Sites | Risks | Contact Us | about us   May 17, 2008 This Web site should be considered an advertisement and is not a contract.