What do long-term care insurance policies cover?
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Suzanne Modigliani of Harvard Health Publications answered:A long-term care insurance policy helps cover the costs of long-term medical care. It may cover only nursing home care, only in-home care, or care offered in a variety of settings, including a nursing home, assisted-living facility, adult day care center, or at home. Some extensive -- and probably expensive -- policies even pay for home modifications. According to Consumer Reports, a good policy will cover nursing home, assisted-living, hospice, and home care, including so-called custodial care, which might include supervision and assistance with daily living activities, such as dressing or bathing.A long-term care insurance policy helps cover the costs of long-term medical care. It may cover only nursing home care, only in-home care, or care offered in a variety of settings, including a nursing home, assisted-living facility, adult day care... More -
Sharine Forbes answered:Long-term care policies greatly differ and cover many different things. Therefore, it is very important to get LTCI that meets your individual needs. Many companies now offer policies that can be tailored to your specific needs. It is important to do your research and select a policy that works for you.
Long-term care policies greatly differ and cover many different things. Therefore, it is very important to get LTCI that meets your individual needs. Many companies now offer policies that can be tailored to your specific needs. It is important to... More
