How Do Private Long-Term Care Insurance Programs Work?

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   Ted Ratliff

   Owner, SFS Associates,

   Generally, depending on the policy, when you are unable to perform two or three activities of daily living spelled out in your policy, you will file a claim.  The policy will then begin paying the caregiver.  Some policies only pay for nursing home, some will pay for any type of long term care, even at home care.  Some will even pay a family member.  Each policy is different, so check with a good agent who can sit down and help you make sure the policy is right for you.

   Answered on June 2, 2013

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