HOME CARE INSURANCE
Many people today have the misconception that Long Term Care and
Long Term Care insurance only include nursing home coverage. In
fact, nearly 80% of the benefits paid under Long Term Care
insurance policies are for care outside of nursing homes. Few
patients really want to go to a nursing home, though there are some
nice new assisted-living communities.
The LTCI policies offered today are flexibly designed to assist
people in getting care in the setting of their choice and the
services that are most appropriate for their particular situation.
Coverage is available to people ages 18 to 99 with daily benefits
ranging from $40 to $300. The insurance pays benefits when the
insured, due to sickness or injury, is unable to perform 2 out of 6
activities of daily living (bathing, continence, dressing, eating,
toileting or transferring) or suffers a cognitive impairment
requiring substantial assistance.
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