Long Term Care Insurance provides for costs arising out of services that go beyond medical and nursing care. Long Term Care refers to services used by people who have disabilities or chronic illness and need help in performing daily basic activities like eating, bathing, dressing, using the bathroom, moving from bed to chair etc. With Long Term Care Insurance you can receive care in your own home, at a nursing home, adult day care or other assisted living facilities.

Long Term Care Health Insurance

Long Term Care Health Insurance policies cover expenses that are not covered by traditional health insurance, Medicare and Medicaid. Long Term Care Health Insurance enables you to receive chronic care needed to help perform daily activities if you had a disability or an ongoing illness for a long period or for the rest of your life. Long Term Care Health Insurance gives you financial freedom and protects you and your family from wiping out life savings and assets in the event you needed long term care.

Different Insurance companies have different health screening procedures. There are a few primary conditions that can make you ineligible for buying LTCI. But if you develop any of these conditions after obtaining coverage, you will still be covered for the care you would need for that condition.

Long Term Care Insurance Policy premiums are based on a number of factors and can increase over a period of time. If your premium increases, and you are unable to pay the increased premiums find out what your options are so that you will not lose all your benefits.