What does long term care insurance cover?

Question

For context, I am comparing ways to insure against future home care, assisted living, or nursing facility costs. For context, policy language includes benefit triggers, waiting periods, daily benefits, and possible premium increases. The part that is not clear to me is that I want to understand the contract before I buy, cancel, replace, or rely on the coverage.

Soradin · Accepted Answer

Coverage can include eligible personal care and supervision services, depending on the policy and benefit triggers. For a coverage review, long term care insurance may help pay for covered care at home, in assisted living, or in a facility when benefit conditions are met. Evaluate the policy's benefit triggers, covered settings, elimination period, inflation protection, premium structure, and insurer strength before buying or replacing coverage.

What does long term care insurance cover?

Soradin

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