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Long-term care insurance is “not so” complicated?

Long-term care insurance helps pay for assistance you need with “personal care”.  “Personal care” may include help with bathing, dressing, eating, and toileting.

Personal care is not covered by medical insurance.  Personal care is not covered by Medicare nor Medicare supplement policies.

The most common causes for needing personal care are:  Alzheimer’s, dementia, stroke, arthritis, circulatory disorders, injuries from falls or accidents, and Parkinson’s.

Most long-term care insurance policies are “integrated” policies.  That means that they will pay benefits for “personal care” you receive:

  • at home, or
  • in a qualified facility, like an assisted living facility or nursing home.

In order for your long-term care policy to pay benefits, your doctor must certify that your need for “personal care” is expected to last at least 90 days.

How much of the expenses your long-term care policy covers depends upon the three main choices you make at the time you purchase your long-term care policy:

  1. How much will your policy pay for each day that you receive personal care? (Daily Benefit)
  2. How will the Daily Benefit grow each year to try to keep pace with inflation? (Inflation Benefit)
  3. What is the maximum amount of benefits your policy can pay over your lifetime?  (Policy Limit)


“Policy Customization Questions”


About Scott A. Olson

Scott A. Olson, is the author of “The Guidebook for Making Long-Term Care Insurance Easier.” He is a licensed insurance agent and has specialized in long-term care insurance since 1995. He is licensed to sell long-term care insurance in over 40 states. Scott was born and raised in New Jersey and attended Rutgers University. Scott was a caregiver for a close relative for two years. That personal experience has made him acutely aware of how to help his clients design and choose a long-term care policy that will benefit them when they need it the most. Scott and his wife Carolyn live in Redlands, California. Scott and Carolyn have four sons.

One comment on “Long-term care insurance is “not so” complicated?

  1. […]  Every long-term care policy has a unique way of calculating your premium based upon your age, your choice of benefits, and your health history.  When comparing several of the leading policies, with nearly identical […]

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