Long-Term Care Policies: What to Ask Before You Buy It!

Long-term care (LTC) helps when daily tasks like bathing, dressing or eating become hard due to age, illness or an accident. Most health insurance and Medicare do not cover this kind of ongoing care in the long run. That is why many families look at LTC insurance. Before you sign, ask the right questions so you know what you are buying and how it will help you when life changes.

Key Questions to Ask

1. What care is covered?

Does the policy pay for care at home, in assisted living, in a nursing home or in adult day care? Many people prefer to stay at home, so check if home health aides and caregiver training are included.

2. When do benefits start?

Most policies have a “waiting period” (also called an elimination period). This is the number of days you pay out of pocket before the plan begins to pay.

3. How much will it pay each day?

Look for the daily or monthly benefit and the total pool of money. Ask if unused benefits in one month can roll over to the next.

4. For how long will it pay?

Some plans pay for two to five years; others use a total dollar pool. Pick a length that matches your risk and budget.

5. Will the benefit keep up with costs?

Care costs rise over time. Ask about inflation protection so your benefit grows each year. Even a modest growth rate can make a big difference later.

6. Are there limits or exclusions?

Check rules on pre-existing conditions, mental health, or substance use. Learn how many “activities of daily living” you must need help with to qualify.

7. What if premiums rise?

Insurers can raise rates on a class of policyholders. Ask about your options if that happens—lower the benefit, change the waiting period, or take a paid-up option.

8. Can the policy work with Medicaid or state partnerships?

Some states offer Partnership policies that may help protect some assets if you ever need Medicaid. Ask how this works where you live.

9. Who handles claims and care coordination?

A caring claims team and a case manager can reduce stress for families during a hard time.

LTC insurance is not just a policy; it is a plan to protect your savings and your choices. Asking these questions now helps you buy with calm and clarity. Contact us today so we can explain options and show how LTC can fit into your bigger retirement plan.

The Difference Between Bare Walls and All-In Master Policies!

Condo owners share a building and a master policy that shapes what a personal HO-6 must cover. Two terms lead to most choices. Bare walls and all in. Know which one your association carries, and you can right-size your own coverage without gaps or overlap. 1. Bare Walls Cover Structures And Shared Areas A bare […]

Read More

Why Home-Based Businesses Need Additional Coverage!

More owners build real ventures at home. A spare room becomes a studio. A garage becomes a packing space. Regular home insurance protects a residence first, which means business needs may sit outside the policy. With a few targeted steps, you can shield income, tools and trust while you grow from home with confidence. 1. […]

Read More

Why You Should Understand Exclusions in Every Policy!

A policy feels solid until claim day tests the fine print. The most common source of shock is not the limit or the deductible. It is the exclusion. Exclusions define what a policy will not cover. When you know them, you avoid gaps, you add smart extras and you turn insurance into a plan that […]

Read More
Junie-2
We extend coverage to individuals and businesses in Washington St, Winchester and surrounding areas.
120 N. Main Street
Winchester, IN 47394
(765) 595-8260
© 2025 Junie Insurance Group Designed by
AmplispotPrivacy Policy
clock linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram Skip to content