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Understanding Long Term Care Riders and Options
2 pages
Published by
BeamaLife Corporation
Understanding Long-Term Care Riders and Options
There s no such thing as a standard long-term care insurance (LTCI) policy.
Some policies are comprehensive
(including most group LTCI policies), building many important features into the...
[More]
Understanding Long-Term Care Riders and Options
There s no such thing as a standard long-term care insurance (LTCI) policy.
Some policies are comprehensive
(including most group LTCI policies), building many important features into the base plan--while charging a higher
premium.
Other lower-priced policies provide only basic coverage but offer you the choice of buying greater benefits
at an additional cost.
That s why it s important when comparing policies to look at both the basic coverage an LTCI
policy offers and the optional benefits you can add.
Aquicklookatlong-termcareinsurancebasics
Most LTCI policies today cover a full range of services, including full-time nursing home care (skilled care), part-time
nursing home care (intermediate care), or assistance with daily living activities (custodial care).
Coverage for mental
incapacity (including Alzheimer s disease) is now standard in most policies.
Also, a good basic policy won t require
you to spend time in a hospital before
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Tags
amount,
basic,
benefit,
benefits,
coverage,
home,
important,
inflation,
insurance,
ltci,
nursing,
option,
policies,
policy,
premium,
rider,
term
