Millions of American baby boomers will be retiring soon and the need for long term care insurance is going to start growing faster than ever. But do you even know what long term care is and what long term care insurance costs and pays for? In a nutshell, long term care insurance is a type of health insurance that covers non-medically necessary health care.
Long Term Care insurance policies are held by millions of Americans already. Recent innovations in policies have made them even more consumer friendly than they were when this type of insurance was pioneered by Genworth in the mid 1970s. So how do you qualify for long term care insurance?
Well, there are six activities of daily living that you must be able to perform to qualify for the policy. For most policies, once you've had a doctor certify that you cannot do at least two of the six activities of daily living, you can then qualify for your long-term care insurance policy. In this post we have linked to several long term care insurance articles - check them out for more information on this important type of insurance.
Long Term Care insurance policies are held by millions of Americans already. Recent innovations in policies have made them even more consumer friendly than they were when this type of insurance was pioneered by Genworth in the mid 1970s. So how do you qualify for long term care insurance?
Well, there are six activities of daily living that you must be able to perform to qualify for the policy. For most policies, once you've had a doctor certify that you cannot do at least two of the six activities of daily living, you can then qualify for your long-term care insurance policy. In this post we have linked to several long term care insurance articles - check them out for more information on this important type of insurance.
