The Complete Eldercare Planner by Joy Loverde

Author:Joy Loverde [Loverde, Joy]
Language: eng
Format: epub
ISBN: 978-0-307-45258-0
Publisher: Harmony/Rodale
Published: 2009-09-15T00:00:00+00:00

Where Can You Find Long-Term Care Insurance?

employers

membership associations

private insurance companies

senior organizations

fraternal societies

continuing-care retirement community (CCRC)

PLAN SIX

Shop around for a quality long-term care insurance policy.

In order to capture their share of the market, insurance companies offer policies that cover long-term care such as domestic help and personal-care services so that older adults can remain in their own homes, if that's what they desire. However, there may be a substantial gap between what consumers think they have bought and the level of help they actually receive.

Many policies do not provide immediate at-home assistance, and don't go into effect until sixty or ninety days have elapsed. Also, strict criteria must be met before a policy covers assistance to someone who is not completely disabled but simply needs help with eating, dressing, bathing, or domestic chores. The situation has to be far more serious than most people expect. Caveat: Insurance coverage or benefits may be denied completely if the company can prove that untrue statements were made on the application.

Here are some tips and guidelines to follow when shopping for a long-term care insurance policy.

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