1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Long term care is a morbidity insurance product. And in general, most morbidity products have elimination periods that must be satisfied before benefits are can be collected. That means there's a waiting period, i.e. like 90 days as an example before the claim will generate benefits for the policy owner.
    Answered on July 31, 2013
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The elimination period for Long Term Care Insurance is the number of days you must wait before you can start collecting on the policy. If your claim was preceded by a hospital stay that qualified you for nursing home care paid for my Medicare, you will have 20 "free" days in the nursing home, followed by up to 80 days where you pay a co-pay (currently $148/day). So an elimination period of at least 30 days may not end up costing you too much out of pocket, anyway, and the longer the elimination period, the lower your Long Term Care Insurance premium.
    Answered on July 31, 2013
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