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	<title>New answer on: When Does Long Term Care Insurance Kick In?</title>

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		<title>By: William Bridgers</title>

		<link>https://www.insurancelibrary.com/long-term-care-insurance/when-does-long-term-care-insurance-kick-in</link>

		<dc:creator>William Bridgers</dc:creator>

		<pubDate>Mon, 08 Jul 2013 03:34:21 +0000</pubDate>

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		<description><![CDATA[Similar to disability income insurance, long-term care insurance has an &quot;elimination period&quot;.&#160; This is like a &quot;time deductible&quot; during which one has to pay out-of-pocket for care costs while satisfying the elimination period.&#160; Elimination periods are chosen by the applicant and are usually 30-, 60-, 90-, 180-, or 365-days.&#160; The longer the elimination period, the lower the premium.Some carriers provide a 0-day elimination period for home care, either as part of the policy or as an extra-cost add-on rider.&#160; If a&#160;person goes on claim at home, they may receive approved claim payments (reimbursement plan) or cash (indemnity plan) as soon as they are declared eligible for payment by the carrier.&#160; The contract indicates what the insured needs to submit to the carrier in order to be approved for payment of care costs or to receive a cash payout.There are two ways an elimination period may be satisfied:&#160;&#160;&#160;&#160;&#160; - Service Days.&#160; The insured must pay for care on any given day in&#160;order to satisfy one day of the elimination period.&#160; For example, the insured has chosen a 90 day elimination period.&#160; The insured must pay for long-term care services out-of-pocket for a total of 90 days (they do not have to be consecutive) before the elimination period is satisfied.&#160; If the person is paying for home care, satisfying the elimination period&#160;could take longer than 90 consecutive days if care is not needed on any given day or days.&#160; Carriers may have different ways of calculating the fulfillment of the elimination period using the &quot;service days&quot; method.&#160; &#160;&#160;&#160;&#160; - Calendar days.&#160;&#160; The elimination period is satisfied when a majority of&#160;days during the elimination period required care and the insured paid out of pocket.&#160; In other words, the insured does not have satisfy the elimination period with days where services were paid out of pocket.&#160; Each carrier defines how the elimination period is satisfied using the calendar day method.&#160; This method is often offered as an additional cost rider.If a person goes immediately into a full-service nursing facility, the elimination period will be fulfilled as care is received.&#160; All facility care will need to be paid out-of-pocket by the insured or the insured&#039;s family during that period of time.&#160; It&#160;won&#039;t matter that much which type of elimination fulfillment method is used in such a case unless the person leaves the facility before the elimination period is fully satisfied.Some carriers do not offer a calendar day method for satisfying the elimination period.&#160; Some have a choice between the two.&#160; Some carriers only have a calendar day elimination period. &#160;Once the elimination period is satisfied in full, it does not have to be satisfied again.&#160;Since the way a carrier allows for the fulfillment of the elimination period can be the difference in hundreds - if not thousands - of dollars in out-of-pocket payments, the prospect for long-term care insurance should make this a priority question before choosing a carrier.&#160; Be sure that you read the section of a specimen or sample policy on &quot;Payment of Claims&quot; so that you understand how the proposed insurance company defines &quot;when long-term insurance kicks in&quot;.]]></description>

		

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