Does Long Term Care Insurance Cover Independent Living?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaLong term care insurance will help any out of pocket expenses accrued at any of the care facilities, but it can cover the cost for in-home care around the clock for seven days a week as well. For most long term care insurance, you can use your benefits when you can no longer perform the Activities of Daily Living (ADLs). Policy deductibles and waiting periods will affect when you can begin benefit coverage.Answered on June 13, 2013+01+1 this answer
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63333 POINTSview profilePeggy MaceMost of the U.S.Long Term Care Insurance does cover Independent Living in some situations and with some policies. Most LTC policies that pay the institution directly do not cover an independent living residence. However, if the policy pays the person, then someone meeting the triggers (the loss of the of 2 or 3 independent ADL's and/or substantial cognitive/mental impairment) could collect on some policies, even while living at home or in an independent living residence.Answered on June 13, 2013flag this answer- 624 POINTSview profileBILL HANNAAgent, WMH Consulting LLC, Fort Worth, TexasSome policies allow coverage for Independent Living in some situations. Typically a LTC policy that pays an institution direct will not pay an independent living residence.Some policies will pay the individual that has qualified for a claim (by meeting certain criteria) and some policies may provide coverage while living at home or in an independent living residence...Answered on June 12, 2015flag this answer
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