Specialist, LTCi, DI, Annuities, Life, Designs In Life, LLC, Utah
Long-term care insurance benefits do not cover acute medical problems, but rather addresses chronic medical situations. Acute medical problems would include such things as a broken arm or abdominal surgery. Major medical, Medicare, and Medicaid would be sources of insurance coverage for those events. Chronic medical problems involve conditions from which a person is not likely to ever recover. Such conditions might include multiple sclerosis, Alzheimer's disease, osteoporosis, or auto-immune diseases.
Just having a chronic disease or condition does not necessarily trigger the payment of benefits from a long-term care policy, however. One must be medically certified by a health care professional that there is an inability to perform at least two of six specified daily activities (such as getting dressed, feeding oneself, etc.), or having been diagnosed with a cognitive impairment. Long-term care insurance will not pay for medical costs of a chronic condition if a person can successfully get around and take care of themselves.
.JPG){kind=avatar}
Just having a chronic disease or condition does not necessarily trigger the payment of benefits from a long-term care policy, however. One must be medically certified by a health care professional that there is an inability to perform at least two of six specified daily activities (such as getting dressed, feeding oneself, etc.), or having been diagnosed with a cognitive impairment. Long-term care insurance will not pay for medical costs of a chronic condition if a person can successfully get around and take care of themselves.