Does Disability Insurance Cover Long Term Care?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaDisability and long term care insurance are both morbidity products. Disability pays an income and you can use that income for any expense including long term care bills. While long term care pays assisted living and/or nursing home care expenses. It's important to have both, especially in your later working years.Answered on July 21, 2013+01+1 this answer
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2180 POINTSview profileKelly MoserSocial Media Strategist, Disability Insurance Services, CaliforniaDisability Insurance should not be purchased as a means to pay for long term care. Disability insurance benefits end at a pre-determined time. For the best policies, the benefits would stop at age 65 or 67 (and this is assuming you go out on claim and don't return to work). If you are looking for funds to assist with long term care, then you should purchase long term care insurance. These benefits would help pay for nursing home care, assisted living care, hospice, etc.Answered on November 25, 2013flag this answer
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