How Do You Select A Daily Benefit For Long-term Care Insurance?

Seventy percent of all Americans aged 65 and older will likely need some form of long-term care (LTC), according to a study in the journal Inquiry. That includes nursing home care as well as assistance with activities of daily living (ADLs): toileting, bathing, dressing, eating, and transferring out of bed and incontinence care. To buy best policy you can contact with long-term care insurance agent.

There are five foundational features of most LTCI policies and they are: (1) the Daily Benefit, (2) the Benefit Period, (3) the Benefit Setting, (4) the Elimination Period, and (5) the Inflation Protection Benefit.

All five of these features are very important and have a major impact on the care you will receive under the policy guidelines. But for this article, we will focus on the Daily Benefit as this is one of the most flexible features of the policy and it is very important to get it right the first time.

Thankfully, the options for receiving in-home services are constantly expanding these days, and here are a few tips for selecting a quality home care agency to provide the needed care:

  1. Don’t be afraid to ask lots of questions of each agency to make sure that you feel comfortable with their services. You are interviewing them to make sure that they will be able to fill a very important and sensitive role in your life.
  2. Find out about their hiring practices. Do they conduct thorough background checks on each caregiver? Are they bonded and insured?
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