What Lengthy-Time period Care Insurance coverage Policyholders Must Know

What Lengthy-Time period Care Insurance coverage Policyholders Must Know

About 7.5 million People (opens in new tab) have some type of long-term care insurance coverage (LTCI), which is a coverage that helps cowl the each day residing prices related to well being diagnoses not lined by customary medical insurance. This protection is essential to individuals who expertise a well being disaster that dramatically impacts their way of life, reminiscent of Alzheimer’s or mobility points.

LTCI policyholders have considerably extra choices in terms of housing or in-home well being care than individuals who don’t. In case you are fortunate sufficient to have LTCI protection, you could have questions on your coverage. As somebody who makes a speciality of serving to older adults put together for his or her subsequent section of life, I’m usually requested questions on LTCI. Based mostly on a few of the commonest issues I hear, I hope these insights under offer you the mandatory steering to plan forward in your future.

What Ought to I Do When My LTCI Premium Will increase Every 12 months?

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