Try: The national association of insurance commissioners has developed standards that protect consumers you should look for a policy that includes at least one year of nursing home or home health care coverage including intermediate and custodial care nursing home or home health care benefits should not be limited primarily to skilled care coverage for alzheimer alzheimer’s disease should the policyholder develops it after purchasing the policy an inflation protection option the policy should offer a choice among automatically increasing the initial benefit level on an annual basis a guaranteed right to increase benefit levels periodically without providing evidence of insurability an outline of coverage that systematically describes the policy policy’s benefits limitations and exclusions and also allows you to compare it with others a long-term care insurance shopper shopper’s guide that helps you decide whether long-term care insurance is appropriate for you your company or agent should provide both of these a guarantee that the policy cannot be canceled nonrenewed or otherwise terminated because you get older or suffer deterioration in physical or mental health the right to return the policy within 30 days after you have purchased the policy and to receive a premium refund no requirement that policyholders first be hospitalized in order to receive nursing home benefits or home health care benefits first receive skilled nursing home care before receiving intermediate or custodial nursing home care first receive nursing home care before receiving benefits for home health care information references "guide to long-term care ltc insurance" by america’s health insurance plans 2004 available at www pueblo gsa gov
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Categories: Sage, Topic, Financial, Medical Physical
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Keywords: Long term care insurance insurance policy insurance premiums
*This information is listed as a Fact Sheet and is not explicitly medically licensed