What Does Elimination Period Mean For Long Term Care Insurance?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    An elimination period is like a deductible.  I is the period of time that you choose to private pay before your insurance begins paying.  The longer the elimination period, the lower the premium.  Since Medicare will pay for the first 100 days in a Nursing Home, in many situations, a good elimination period might be 100 days.  A good experienced independent agent familiar with long term care can help you find the best plan for your situation.
    Answered on June 3, 2013
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