Renwanz Insurance & Financial Solutions, Carlsbad, CA
I believe you are referring to Long Term Care Insurance. There are a variety of different long term policies from many insurance companies. Most policies sold today are comprehensive and offer a daily benefit that can be used in your home, adult day service centers, hospice care, respite care, assisted living facilities and Alzheimer's special care facilities and nursing homes.
In a home setting, comprehensive polices generally cover skilled nursing care, occupational, speech, physical and rehabilitation therapy. You can also get help with personal care, such as bathing and dressing.
In order to receive long term care expense reimbursement, you need to qualify. Generally, that means the failure of the insured to perform 2 out of 6 of the activities of daily living (ADLs). There is also an "elimination period" after which the benefits begin.
Policies vary in what they actually cover and there is much you should know about long term care and you need to find a qualified insurance agent near you that can help you understand it.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
What does long term care cover? Well, Long Term Care picks up the non-medical cost of care involved for a person. Medical insurance or Medicare/Medicaid cover medical treatment for specific things. Long term care covers the cost in the daily upkeep for a person. Not so much in treating an illness directly but more assistance with daily life activities.
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In a home setting, comprehensive polices generally cover skilled nursing care, occupational, speech, physical and rehabilitation therapy. You can also get help with personal care, such as bathing and dressing.
In order to receive long term care expense reimbursement, you need to qualify. Generally, that means the failure of the insured to perform 2 out of 6 of the activities of daily living (ADLs). There is also an "elimination period" after which the benefits begin.
Policies vary in what they actually cover and there is much you should know about long term care and you need to find a qualified insurance agent near you that can help you understand it.