Long-term care insurance is one way to help pay for chronic conditions, illnesses, and disabilities. Policies generally cover some or all of the costs related to an adult day health center, non-medical and medical home care, assisted living community, or skilled nursing when the policyholder needs assistance with their activities of daily living (ADLs), such as bathing/showering, continence maintenance, dressing, functional mobility, self-feeding, and toileting.
We are frequently asked about long-term care insurance policies. Every policy is unique, and an insurance professional or financial planner would be the ideal person to consult. However, here are some questions that will help you in the discovery.
1. How many activities of daily living (ADLs) are necessary for eligibility?
2. What type of documentation is required to substantiate the need for long-term care?
3. What is the waiting (elimination) period?
4. Does the policyholder receive reimbursement or does the provider/facility invoice for services?
5. What type of facility or provider is required for eligibility?
6. What is the daily, monthly, or lifetime cap?
7. How long is the benefit period?
Robson Reserve at PebbleCreek accepts long-term care insurance. Once the particulars of the insurance policy are known, we can help process claims for assisted living.