Long Term Care Insurance


We aim to help seniors and their families navigate the intricacies of their insurance policies. By understanding key terms and concepts, you can make the most out of your insurance coverage and ensure a seamless, worry-free long-term care journey.



Long-term care insurance is designed to help individuals cover the cost of extended care when they are unable to perform essential daily activities such as eating, bathing, or dressing due to a chronic illness, disability, or cognitive impairment.

Long-Term Care Insurance is initially introduced as "nursing home insurance" back in the 1980s. A long term care insurance policy will pay for the expenses of care arising from a chronic illness, injury, or disability. The insurance also provides the person with the aid they may need due to the general effects of aging.

Long-Term Care Insurance is primarily designed to help with payment for the costs of custodial & personal care, as opposed to strictly medical care.

In this regard, long term care insurance is not like traditional health insurance, as its purpose is to cover for expenses that are associated with senior long-term care services and support, irrespective of where the care is provided - at home or in an assisted living community, in a skilled nursing facility, or in any other senior care setting.


Long-term care insurance can give you peace of mind knowing you're financially prepared for future care needs. It can help you maintain your independence, safeguard your assets, protect your family from financial burden, and give you a choice about where you receive care.


Below are the following tips to optimize your Long-Term Care Insurance Policy

  • Understand the details of your policy thoroughly, including the terms and conditions
  • Pay your premiums on time to avoid policy lapse
  • Keep your insurance company informed about any change in your health or living situation
  • Consult with a long-term care planning expert to make the most of your coverage

At RIGHT ACCORD Home Health Care, we're committed to guiding seniors and their families toward informed decisions about long-term care. Understanding long-term care insurance is a significant part of this journey. If you have further questions or need personalized guidance, don't hesitate to contact us.


These are the following Key Terminologies in Long-Term Care Insurance:

  • 1. Benefit Amount: This refers to the maximum dollar amount your insurance policy will pay for your long-term care on a daily or monthly basis.
  • 2. Benefit Period: The length of time during which benefits are paid. It could range from a few years to a lifetime.
  • 3. Elimination Period: Often considered as a deductible, this is the number of days you will need to pay for your own care before the insurance starts covering costs.
  • 4. Inflation Protection: A feature that helps your benefits keep pace with the rising cost of care.
  • 5. Non-Forfeiture Benefit: If you ever stop paying premiums, this benefit allows you to receive a reduced amount of coverage.
  • 6. Guaranteed Renewability: Ensures your policy cannot be canceled by the insurance company unless premiums are not paid.
  • 7. Waiver of Premium: This feature suspends premium payments while you are receiving long-term care benefits.
  • 8. Activities of Daily Living (ADLs): Basic tasks like eating, bathing, dressing, toileting, transferring, and continence. Insurance typically kicks in when you need help with at least 2 or 3 ADLs.
  • 9. Free Look Period: A period during which a new policy owner can terminate the policy without penalties.
  • 10. Pre-existing Conditions: These are medical conditions that were diagnosed or treated before the insurance policy was issued.


Here's a short list of some prominent Long-Term Care Insurance Companies. Please note that the information provided was accurate at the time of compilation, but it's always advisable to visit each company's website for the most current contact information.

Remember, it's crucial to thoroughly research and compare the plans, benefits, and financial stability of different insurance companies before making a decision. If you need help or further guidance, our team at RIGHT ACCORD Home Health Care is always here to assist.