3 Levels Of Care Long Term Care Policies Cover
LTC policies which can be marketed in form of individual policies, group policies, or as riders to life insurance policies, provide coverage for individuals who are no longer able to live an independent lifestyle and require living assistance at home or in a nursing home facility.
The 3 levels are:
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What Does Long Term Care Insurance Cover
Skilled care: This is the highest level of care and is typically provided in a nursing home or assisted living facility. Skilled care is designed to help people who need help with activities of daily living (ADLs), such as bathing, dressing, and eating.
- Intermediate care: This level of care is typically provided in an assisted living facility or a residential care facility. Intermediate care is designed to help people who need help with some ADLs, but not as much help as those who need skilled care.
- Custodial care: This level of care is typically provided in the home or in a community setting. Custodial care is designed to help people with basic needs, such as transportation, meal preparation, and light housekeeping.
Some common services that are covered include:
- Nursing care: This includes the services of a registered nurse or licensed practical nurse.
- Physical therapy: This helps people regain or maintain their mobility.
- Occupational therapy: This helps people regain or maintain their ability to perform activities of daily living.
- Speech therapy: This helps people with communication problems.
- Social services: This includes help with transportation, meal preparation, and other daily living activities.
When choosing a long-term care policy, it is important to consider your individual needs and budget. You should also make sure that the policy you choose covers the services you need.
Here are some additional things to keep in mind about long-term care policies:
- Long-term care policies can be expensive.
- Long-term care policies have waiting periods, which is the time you must wait before the policy starts to pay for benefits.
- Long-term care policies have benefit limits, which is the maximum amount of money the policy will pay for benefits.
If you are considering a long-term care policy, it is important to talk to an insurance agent to get more information and to find the policy that is right for you.
