Using Long-Term Care Insurance for Home Care: A Step-by-Step Guide
Using Long-Term Care (LTC) Insurance to pay for home care involves four key steps: 1) Triggering the policy by proving assistance is needed with at least two Activities of Daily Living (ADLs); 2) Satisfying the “Elimination Period” (out-of-pocket waiting period); 3) Setting up an “Assignment of Benefits” so the insurer pays the agency directly; and […]