Let’s be honest: Your long-term care (LTC) insurance policy was not written to be easily understood. LTC policies are some of the most confusing insurance documents out there—by design.
So how do you, your parents, or your family members get a good understanding of these insurance policies and what they cover? Family Solutions for Care is eager to help you!
Here are three useful tips to help you tell what your LTC policy offers.
We don’t mean to brag, but we have become experts at reading and deciphering LTC policies. Over the years, we have read thousands of these policies. There are about 400,000 types of LTC insurance policies and riders, so each one is a little different—and each one is confusing in its own way.
But our experienced claims team can help you understand what’s covered, what’s not, and how to proceed with your claim. In fact, FSC has secured more than $110 million in benefits for our clients. And we won’t charge you an exorbitant hourly fee like many lawyers will for the same service.
If you’re in a hurry to get a sense of what your policy includes, and you have access to your full policy, we recommend looking for a few terms that are likely to help you understand what’s in your LTC policy before we give it a more thorough review.
Language like limits, exclusions, waiting period, and elimination period indicate services or benefits that are not available—or only available under certain conditions. Language like benefits, coverage, include, future service, and available likely point to the services and benefits that are included in your policy.
Any time you seek information online about your LTC policy, make sure you look for reliable sources and that you read what you find with a grain of salt. There can be a lot of misinformation out there, but there are also resources that can help.
Glossaries with common insurance terminology, general information on your insurance carrier’s website, and helpful blogs like ours can help you get a sense of how LTC policies work before you talk with FSC.
Trying to wade through your LTC policy can quickly lead to confusion, frustration, and exhaustion. And if you or your family members are currently in need of long-term care, the last thing you need is added stress about figuring out what is or isn’t in the insurance policy.
Family Solutions for Care is ready to help you understand what’s included, what’s not, and how to move forward with all your long-term care claim needs. Contact FSC today so we can help you tell what your long-term care insurance policy offers!