Long-term care insurance (LTCI) is a privately owned insurance policy that pays for the cost of live-in custodial care. An individual will pay monthly premiums until there is a need for assistance with activities of daily living (ADLs). Typically an LTCI policy requires assistance with three or more ADLs for the beneficiary to qualify to receive payments for live-in elder care services.
Make life easier by reviewing the list below. Addressing these items early will reduce much stress and disappointment when submitting a claim with your long term care insurance company.