As you age, you may need help with things you’ve always been able to do yourself – shopping for groceries, fixing meals, cleaning the house. You may also need help with personal services, like bathing, dressing or taking medications. A long-term care insurance policy is designed to help you pay for these types of services.

Is Long-Term Care Insurance right for you?

How a long-term care insurance policy works

 

When You Need Care

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A licensed health care practitioner must certify you are chronically ill and submit a plan of care prescribing long-term care services.

 

Waiting for Benefits to Begin

 

When you purchase a long-term care insurance policy, you will select an elimination period during which time any costs for long-term care services are your responsibility.

 

Payment of Policy Benefits

 

You have the option to choose how to receive policy benefits. A traditional reimbursement benefit  is payable after satisfying your policy’s elimination period. Or you can elect to receive a cash benefit  with no elimination period to satisfy.

 

Continuation of Benefits

 

As long as you remain chronically ill and eligible for benefits, your policy will continue paying for covered long-term care services until your policy limit is reached.