Benefits……………………………. What Is Long-Term Care? 2 How Much Does Long-Term Care Cost? 3 Other Long-Term Care Insurance Policy Options I Might Choose Nursing Home Costs What If I Can’t Afford the Premiums? Assisted Living Facility Costs Will My Health Affect My Ability to Buy a Home Care Costs Policy? What Happens If I Have Pre-Existing Who Pays For It? 4 Conditions? Personal Resources 4 Can I Renew My Long-Term Care Insurance Medicare 4 Policy? Medicare Supplement Insurance How Much Do Long-Term Care Insurance Policies Medicaid 4 Cost? Will I Need Long-Term Care? 5 What Options Do I Have to Pay the Premiums? What is Long-Term Care Insurance? 6 If I Already Own a Policy, Should I Switch or Upgrade? Do I Need to Buy Long-Term Care What Types of Policies Can I Buy? 8 What Shopping Tips Should I Keep in Mind? Individual Policies 8 Glossary 34 Policies from My Employer 9 Policies from Federal or State Government Worksheet 1: Availability and Cost of Long-Term Care in My Area 38 Association Policies 10 Policies Sponsored by Continuing Care Worksheet 2: Compare Long-Term Care Insurance Retirement Communities 10 Policies 40 Life Insurance or Annuity Policies 10 Worksheet 3: Facts About My Long-Term Care Long-Term Care Insurance Partnership Policies Insurance Policy 45 11 Tax-Qualified Policies 11 Worksheet 4: Long-Term Care Riders to Life How Do Long-Term Care Insurance Policies Insurance Policies 47 Work? How Benefits Are Paid Worksheet 5. Long-Term Care Insurance Pooled Benefits and Joint Benefits Personal Worksheet 49 What Services Are Covered List of State Insurance Departments, Agencies on Services Are Covered Aging, and State Health Insurance Assistance What Services Aren’t Covered? Programs 52 How Much Coverage Will I Have? When Will I Be Eligible for Benefits? Endnotes 63 Types of Benefit Triggers When Benefits Start Inflation Protection
What Is Long-Term Care? 2 How Much Does Long-Term Care Cost? 3 Nursing Home Costs Assisted Living Facility Costs Home Care Costs Who Pays For It? 4 Personal Resources 4 Medicare 4 Medicare Supplement Insurance Medicaid 4 Will I Need Long-Term Care? 5 What is Long-Term Care Insurance? 6 Do I Need to Buy Long-Term Care What Types of Policies Can I Buy? 8 Individual Policies 8 Policies from My Employer 9 Policies from Federal or State Government Association Policies 10 Policies Sponsored by Continuing Care Retirement Communities 10 Life Insurance or Annuity Policies 10 Long-Term Care Insurance Partnership Policies 11 Tax-Qualified Policies 11 How Do Long-Term Care Insurance Policies Work? How Benefits Are Paid Pooled Benefits and Joint Benefits What Services Are Covered Services Are Covered What Services Aren’t Covered? How Much Coverage Will I Have? When Will I Be Eligible for Benefits? Types of Benefit Triggers When Benefits Start Inflation Protection Benefits……………………………. Other Long-Term Care Insurance Policy Options I Might Choose What If I Can’t Afford the Premiums? Will My Health Affect My Ability to Buy a Policy? What Happens If I Have Pre-Existing Conditions? Can I Renew My Long-Term Care Insurance Policy? How Much Do Long-Term Care Insurance Policies Cost? What Options Do I Have to Pay the Premiums? If I Already Own a Policy, Should I Switch or Upgrade? What Shopping Tips Should I Keep in Mind? Glossary 34 Worksheet 1: Availability and Cost of Long-Term Care in My Area 38 Worksheet 2: Compare Long-Term Care Insurance Policies 40 Worksheet 3: Facts About My Long-Term Care Insurance Policy 45 Worksheet 4: Long-Term Care Riders to Life Insurance Policies 47 Worksheet 5. Long-Term Care Insurance Personal Worksheet 49 List of State Insurance Departments, Agencies on Aging, and State Health Insurance Assistance Programs 52 Endnotes 63
cmte_b_ltc_shop_wg_180813_materials.docx