What Is Elimination Period In Long Term Care Insurance?

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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    What is elimination period in long term care insurance?  The elimination period is the amount of time you choose to self insure the situation before the long term care insurance kicks in to cover costs. The elimination period gives you options about how soon your long term care kicks in.  The shorter the elimination period, the higher the premium. If you can extend your elimination period, usually you'll see a considerable reduction in cost.
    Answered on May 16, 2013
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