Tax Qualified (TQ) Long Term Care policies require that you are unable to perform 2 out of 6 Activities of Daily Living (ADL's) without substantial assistance. The ADL's listed do not include ambulating. There must be the expectation that you will be unable to regain the ability to perform those ADL's independently within the next 90 days. OR you must need assistance due to a cognitive impairment that is expected to last over 90 days. TQ policies do not include "medical necessity" as a trigger. That means that a doctor's opinion that you need long term care will not suffice to trigger the benefits.
Each LTCI policy has its own triggers, so be sure to read them over carefully when selecting your policy.
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Each LTCI policy has its own triggers, so be sure to read them over carefully when selecting your policy.