Tag Archive | Nursing home

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 […]

What is Medicare?

Medicare = The federal care program providing hospital and medical insurance to people aged 65 or older and to certain ill or disabled persons. Benefits for nursing home and home health services are limited. Source: National Association of Insurance Commissioners A Shopper’s Guide to Long-Term Care Insurance 2009

2 “gotchas” you need to watch out for when choosing your “Daily Benefit”

Gotcha #1: Some long-term care insurance policies have different ways of determining the Daily Benefit depending upon the setting in which you are receiving care. For example the: Nursing Home Daily Benefit may be $200, Assisted Living Facility Daily Benefit may be 70% of that (e.g. $140), and Home Healthcare Daily Benefit may be 50% […]