Frequently Asked Questions(FAQs) About Long Term Care Insurance

What services are covered under long-term care insurance?

All long-term care insurance policies will cover facility care at either a daily or monthly rate in nursing home and assisted living facilities and the benefits cover room and board, skilled or custodial care in a facility.

How does my health history affect the cost of the insurance policy?

A customer will have to pay high premiums if he has health problems such as Diabetes, Hypertension (high blood pressure), etc.

What are the benefits that couples should consider while buying long term care insurance policy?

Various long-term care insurance discounts are available for the husband and wife for the coverage at the same time where if one spouse needs long-term care and runs out of money in their policy, they then can dip into their spouse's policy and start using their benefits.

What are the advantages of purchasing long term care insurance policy?

The policy owner can enjoy an exemption of tax for his premiums if he is working and is the owner of long-term care insurance policy.

Who needs Long Term Care the most?

If you are somewhere in the middle - you will have to consider your financial and life goals and think carefully about the decision to purchase long term care health insurance.