Long
Term Care Insurance 101
What
is long term care insurance?
Long term care insurance, sold mostly only to people under age
40 or over age 84, is a contract between you and an insurance
company that goes beyond medical care and nursing care to include
all the assistance you could need if you ever have a chronic illness
or disability that leaves you unable to care for yourself for
an extended period of time.
Medicare, private Medicare supplement insurance, and health insurance
you may have either on your own or through your employer will
not pay for long-term care.
People with long term care insurance, pay a known and affordable
premium to offset the risk of a much larger out-of-pocket expense.
Several types of policies are available, most are indemnity policies.
This means that they pay a fixed dollar amount for each day you
receive specified care either in a nursing home or at home.
Each of the following
long term care insurance 101 sections will help you make the most
informed choice possible when planning your personal finances.
Long term care insurance calculators
Future Cost Calculator
courtesy of LTCS
Long term
care insurance articles
Getting to Know a Precious
Alternative
Government Resources
State
Departments of Insurance Regulators
Insurance
Commissioners Names and Addresses
Glossary of long term care insurance terms
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More Insurance 101
Annuities
101
Health Insurance 101
Life
Insurance 101
Disability Insurance
101
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For
specific answers to
your personal finance
questions, we
recommend that you
contact local agents in
your area. Qualified,
licensed professionals
can personally advise
you and offer you
competitive quotes.
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