Taking into account these factors, to always be the most important purchase you can provide for the long-term care.
Unfortunately, long-term health insurance policy is a complex and seemingly small details can make a big difference in the level of care to get the last horse. May seem small, it is a very important time now to tell the difference between the cover or may be because you, try a number of policies, to explain in detail many issues of political difficulties, it is necessary to ask a broker or agent.
Although there are a whole should take the following 12 questions, help identify complications and long-term care policy will gather necessary information and willingness to buy.
What long-term care insurance to buy?
Because of some physical and cognitive, unable to defend themselves, there are a lot of elderly people. Care insurance, nursing homes, assisted living facilities, adult day care during the day, home care and help with our daily life which can cover other obligations. For the tasks of daily living without health insurance and life.
No, only for the elderly. And long-term care for 30 years was determined by the person, and he can take care of business in terms of that life, accident or diagnosis of a degenerative disease, was paralyzed after a short period of time, if - depending on the individual policy.
I get sick and you do not have this insurance?
Person in need, he says, home care and housing of uninsured adults and assets to be paid. Government assistance is usually a person really, but her husband came to the game for the goods and the means to exhaust all available in the case of such contributions, may be an asset to protect, everyone does not want you to consider this insurance.
Long-term care insurance can be found at any age should be?
In some cases, 60 people, the elderly and it is recommended that insurance should be considered. But, again, some of the reasons for this advice and instead of thinking about the purchase as soon as possible.
The first reason, as we said, is that any age can be life changing. You may be paralyzed for 30, this life, to mind the next 60 years is in need of some kind of help. If you are covered and can be modified. If it was too late.
But the second reason is less clear, the purchase of this policy at an early age, taking inflation into account, they are older than the total acquisition cost is less. If you have a small age, shopping for a policy, for comparison between the sale and purchase of a financial adviser at 60, please. Now, you can buy a more positive work.
Where to buy?
After a long-term care insurance to get a decision, you'll need to go shopping. Insurance offers great insurance companies, that is, you should consider working with an independent agent.
Gil at the end of the former cotton broker and long-term insurance in 1996 created the National Advisory Council. Ironically, that was cotton, 53, is now confident we have achieved so far, but when he was diagnosed as suffering from multiple sclerosis, was in preparation, 1997. Now, he is not authorized. He has hepatitis C. After the diagnosis of the short-wife, Susan to get a policy for
Cotton (and their website lists them) to get insurance through independent agents, is a lawyer, he "captive" agents of the company described as a contrast to the agents.
"The avoidance of captive agent," advises cotton. "You just do not have things like the text of the ratification of the franchise. The company can sell the party line that the agent will offer."
Cotton is also the recipient's attention to the Insurance Commission "evidence of long-term insurance", insurance agents and brokers to sell a book of the National Association advises consumers to read.
The long-term care is provided?
Of course, this number may vary widely depending on many factors, age is very important. He was 50 years old and every year for 60 years could raise approximately $ 1,000 for those 30 days each year, $ 400 can provide the level of value.
Which of the objects covered by this policy?
Home building, living and skilled nursing care facility: the words may vary in accordance with the policy, although it is possible that the interest rate has three main categories. If you do not need to, because the policy, three excellent covers. Can be treated at home that may be provided, but the policy only covers maintenance, if any, may be carried out success at home to take care of, perhaps, ahead of time, was forced to a Nursing Home.
On the contrary, only household and personal care, assistance to cover the living and only able to provide their condition worsened at home full time, if the point of need of special care if you're successful.
How the policy will be meeting for an hour?
This restriction shall be paid, but time and for four years and six years covering the policy may be small. Against the amount you want to bet that you'll need to have mass. This, clearly, and the cover is good.
What policy is the reason?
Inability to cognitive and daily activities such as poor health and different policies for various reasons, to start dictating policy. However, the reasons for politics and policy butun opportunity, and even refused to consider the trigger is not a medical necessity. You will need to trigger a finding of medical policy and make sure you understand.
In addition, a number of policies in an attempt to find Nursing Home, or the health of this policy, without limitation, the home before the hospital is required.
And the amount each day?
More than the amount of $ 50 or $ 75 per day cost of the policy may cover, and may include $ 200 and above. Every person is different. You are fully covered by the policy to make sure that any distribution of benefits. By doing so, the potential costs of nursing homes where it is noted the difference. Midwest home may be less than the $ 100, for example, in New York the cost of a Nursing Home, it costs $ 300 to $ 400 per day.
What is the discount?
This part is particularly complex. This policy can be measured in dollars is not deductible, but during the day. Policy, 30 days, 60 or 120 jobs could be deduced. The length and may vary depending on the policy formulation. He is, or may not be consistent. Depends on your ability to pay for the costs of care appropriate for the policy may be deductible up to.
Prior to the signing of a full understanding of the impact of the Franchise, and weighed to make sure that the assets are under the age of 70 or 80. This, surely, the problem should be discussed with a financial adviser.
If you have a policy of inflation?
Multi-policy without increasing wages, high inflation and pension increases are included in the state. Be sure to ask about it.
His policy of not allowing the joint sponsorship?
In some policies, you decline coverage for your spouse allow you to connect with the policy, you can draw with his wife covers that. This is what we want to be there, talk to his wife.
Make sure you fully understand all aspects of the policy before signing and be entitled to any payment details during a big difference.
In order to obtain a transfer of insurance risk. In some cases, long-term care, home or Nursing Home health care, or long-term care insurance pays the cost.
Long-term care is expensive. The purpose of the care of patients suffering from chronic diseases with long-term care is not to pay. Payments to the patient and, finally, the insurance companies that offer long-term care in most cases, the patient does not get in the know, the traditional insurance, in contrast. That year, can continue medical, vision care expenses and the cost is very high. As a result, expensive premiums.
Underwriting requirements for long-term care insurance for the insurance company to get Alzheimer's and Parkinson's disease, such as to prevent a number of diseases.
