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Long term Care Insurance - Healthcare Quality Improvement Campaign
About LTC

Long Term Care Insurance

Unlike traditional health insurance, long-term care insurance  is designed to cover long-term services and supports, including personal and custodial care  in a variety of settings such as your home, a community organization, or other facility.

Long Term Care Insurance Cost

How lont term care insurance coverage is priced to provide benefits will vary depending on personal need, preference, plan or carrier choice and budget limitations to name a few.

age

How old you are when you buy the policy

Policy Benefits

The maximum amount that a policy will pay per day

utilization

The maximum amount per day times the number of days determines the lifetime maximum amount that the policy will pay.

extended benefits

Any optional benefits you choose, such as benefits that increase with inflation

long term care insurance faq’s

how long or how much they will pay?

Many long-term care insurance policies have limits on how long or how much they will pay . Some policies will pay the costs of your long-term care for two to five years, while other insurance companies offer policies that will pay your long-term care costs for as long as you live —no matter how much it costs. But there are very few that have no such limits.

How often do my rates go up?

Before you buy a policy, be aware that the insurance company may raise the premium on your policy. It is a good idea to request information on the company’s premium rate history.

When should I buy Long Term Care Insurance?

Having your decisions squared away and clear, so that there are no misunderstandings or second-guessing, can be the greatest gift you can give to your loved ones, and yourself. In this section we will answer the following questions:

Supplemental Benefit Rates & Options

Gender

Smoker

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