Tuesday, September 25, 2012

What Does Long Term Care Insurance Cover?

Long-term care insurance is an important aspect of future planning for many families. In fact, it is advised that individuals who believe their loved ones may need long-term care seek out a plan that fits their senior’s anticipated needs. Long-term care, including home care, is a medical necessity for which some families struggle to pay. By planning ahead and taking out a long-term care policy, you can protect your elderly loved one and the rest of your family against the financial complications that such care can create.

While long-term care is certainly recommended by elder care professionals, it is important that you and your family understand exactly what the policy will cover. Because each policy varies, it is important to speak with your senior’s insurance professional to understand precisely what expenses will be covered or reimbursed; however, here are some basic facts regarding the services that a long-term care plan may cover.

  • The purpose of long-term care policies is to cover daily needs that are not met by health insurance, including Medicare or Medicaid. For this reason, the policy is most likely to pertain to assistance with activities of daily living, including grooming, personal hygiene, dressing, eating, etc.
  • Some medical conditions, such as Alzheimer’s disease and other forms of dementia, often require the supervision of a senior care professional; however, these services are not always covered by health insurance despite the fact that they are necessitated by a medical condition. Long-term care policies frequently cover such supervision, allowing elderly individuals to continue aging in place despite Alzheimer’s disease or other illnesses.
  • A long-term care policy may also cover skilled services, such as the treatment provided by physical, respiratory, and speech therapists.
If your family is unsure whether or not to invest in long-term care insurance for your elderly loved one, it is important to take the opportunity to consider the future needs of your senior. Additionally, it is recommended that you consult with an insurance professional to determine if a long-term care policy is the right move for your family. While no one knows exactly what the future holds, an insurance policy can help protect you and your loved ones against the unexpected expenses that may arise as your senior ages.


  1. Indeed we all must understand the essential of what we are acquiring. Starting from the basics, that's the first step. To protect our love ones, we must ensure to get the right thing. Every single detail must be studied wisely. http://www.youtube.com/watch?v=lT16w9aA_TM

  2. Is LTCI right for you, In all of these situations, LTC insurance failed to live up to its promise to help people avoid using up their savings or relying on Medicaid to pay for long-term care.

  3. Many life insurance policies have a clause which lets them pay out like long term care insurance. The life insurance death benefit can be accelerated and paid out tax-free if the insured is terminally ill or is permanently unable to perform several Activities of Daily Living. Benefits paid out as an acceleration reduce the amount of life insurance when the insured ultimately dies. While it's not a substitute for a long term care policy, life insurance can be a great alternative to liquidating other assets. The provision itself doesn't require a separate premium!
    - Tom from LifeAnt.com