How Much Does Long Term Care Insurance Pay?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    You determine how much long term care insurance pays when you purchase the policy. E.g. You may decide that you want to purchase coverage of $100/day and that it would pay that benefit for a maximum of three years. If you did not put a Cost of Living Rider on the policy, it would pay $100/day until your stay ended or until you used up the three years of benefits.


    Answered on June 2, 2013
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