Long-term care insurance is a hot topic among seniors. We must consider not only the care we’ll need as we age but how we’ll pay for it. Long-term care insurance can not only a huge financial help but also provide peace of mind as we age.
In this All Things Aging episode, AOS Care Management Care Manager Ashley Seace offers expertise and advice for understanding and navigating the world of long-term care insurance.
Some of the questions Ashley Seace and ONC Editor-in-Chief Amy Phariss explore include:
- What is long term care insurance?
- What does long-term care insurance cover or pay for?
- Does it work with or in addition to Medicare?
- How much does long-term care insurance cost?
- How often do you make payments?
- Are there options for payments?
- What factors affect the cost of long-term care insurance?
- What is a good age to get long-term care insurance?
- Do long-term care polices reimburse for a care manager?
- What is an elimination period?
- What are daily maximums?
- What is the estimated cost of in-home caregiving per day? What about for skilled nursing in a facility?
- Who can help you sign up for long-term care insurance? Can these people help you navigate these policies and make a good choice?
- What are activities of daily living (ADL), which are often covered by insurance? What do we need to consider regarding ADLs for insurance coverage?
- What is the general process for starting a long-term care insurance claim?
- Who can help you file a claim?
- When can you start a claim, before a surgery or after?
- What are some tips for making filing claims easier and quicker?
- What happens when a claim is denied?
- What are some tips, tricks and advice you have for navigating long-term care and making the most of this resource?
If you have questions about long-term care insurance, or if you’re considering a policy for yourself or a loved one, you’ll want to view this episode and take notes! This episode will help answer questions and begin a conversation about how best to plan for your health and wellness as you age.
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