How to Use This Website

LTCShop.com is designed for consumers seeking to learn more about long-term care insurance.  On the right-side of the page you will see “LTCI DICTIONARY” with a drop-down list of long-term care insurance terms.  Some terms will have definitions only, and some will have other useful articles about that term.  You may search this site on […]

What is Long-Term Care?

What is Long-Term Care? Long-term care includes a variety of services that may be both medically and/or non-medically necessary for people with a chronic illness or disability.  Health and personal needs are met through long-term care.  Generally speaking, long-term care provides people assistance with activities of daily living, such as bathing, dressing, eating, toileting or […]

Long-term care insurance and your taxes

Long-term care insurance and your taxes – Tax Guy http://t.co/QoaQOkcyWs via @MarketWatch — Scott A. Olson (@LTCShop) October 22, 2013

Kiplinger’s Personal Finance on Long-term care insurance

A “perfect” long-term care policy?

If you could design “perfect” long term care coverage for yourself, what would it look like? I recently asked someone this question and she said: “It should have premiums that are guaranteed to never go up.  It should be able to return most, if not all, of my premiums to my heirs if I never […]

Is there hope for someone who has been declined for long term care insurance?

I was reading an online “newspaper” the other day.  There was an article about long term care insurance and the importance of planning for the financial consequences of needing long term care. I like to read the comments at the end of articles.  I often find the comments more interesting than the article itself.  I […]

Daily Benefit

What is the “Daily Benefit” (a.k.a. “Monthly Benefit”) in a long-term care policy?

Daily Benefit = the amount of money your long-term care insurance policy can pay for each day that you receive qualified care.   The Daily Benefit is the single-most important feature in your long-term care policy. Choose it wisely! The Daily Benefit is sometimes referred to as the “Starting Daily Benefit” or the “Original Daily […]