An important aspect of a long term care insurance policy is where the policy will pay for services. Certain policies will only offer coverage for facility-based services such as in a nursing home. There are policies that will only pay for care in the home.
A comprehensive policy will pay for assisted care in the home as well as in a facility. Often individuals in need of care will begin with assistance in the home to remain independent as long as possible. Over time, when assistance is no longer adequate, a placement in a facility may be required. The policy and coverage would follow the individual.
The following types of care are standard features found in most comprehensive long-term care insurance policies:
• Nursing Home Facilities
• Assisted Living Facilities (aka: Residential Care Facilities)
• Home Health Care
• Adult daycare
• Respite care
• Care coordination
Comprehensive long term care insurance policies have Four CORE Benefit Features and they are listed to your right. Click on each feature and begin gaining the knowledge you need to design your own long term care insurance policy.