Long-Term Care Insurance and Knee Replacement

by | Mar 26, 2019 | Health Conditions

Long-term care insurance and knee replacement may not seem like they go together. Shopping for a long-term care insurance policy may seem confusing especially if you have a knee replacement. Getting long-term care insurance with knee replacement is possible if you work with a long-term care insurance specialist that will help you shop for a policy. 

Can I qualify for long-term care insurance if I had a knee replacement?

If you had a knee replacement you can probably qualify for long-term care coverage. Every insurance company has different criteria to determine who they can insure. It’s important to work with an experienced, independent agent who is familiar with the four main types of long-term care coverage. An independent, long-term care specialist can recommend the perfect policy for you based upon your health history.

Which type of long-term care policy should I buy if I have a knee replacement?

There are four main types of long-term care coverage: traditional long-term care insurance, long-term care partnership programs, life insurance with long-term care riders, and annuities with long-term care riders. The best type of policy for people with a knee replacement is usually a traditional long-term care policy or a long-term care partnership program. However, everyone’s situation is unique. Click here to try our proprietary “Policy Finder” tool (no phone required). It will give you an instant ranking of the four types of policies based upon your answers to a few short questions.

Which type of policy is right for you?

No phone required.
Custom quote in 2 hours.
Instant ranking of the 4 types of long-term care coverage.

Will I pay more for long-term care insurance if I have a knee replacement?

Every long-term care insurance company is different. Some long-term care insurers may charge applicants 20% more for a history of a knee replacement. Other insurers may charge applicants up to 40% more for a knee replacement, especially if you’ve had more than one joint replacement. That’s why it’s important to work with an long-term care insurance professional who can help you shop around and compare several different policies. 

If I have a knee replacement will I have to take a physical in order to qualify for long-term care insurance?

Some long-term care insurers do not require a physical if you have a knee replacement. Most long-term care insurance companies will review your medical records in order to determine if they can insure you. Ask your long-term care insurance specialist what underwriting criteria each company will use before deciding which long-term care insurance policy is best for you.

Can I qualify for long-term care insurance if I’ve already applied for and been denied coverage due to a knee replacement?

Long-term care insurance specialists have less than 20% of their applicants declined. Insurance “generalists” have about 50% of their long-term care insurance applications declined. With over 25 years of experience, we can pinpoint exactly which company (and which type of policy) you’ll be able to qualify for. We have about an 80% success rate in helping our clients get approved even if they were previously declined. You should be able to qualify for a policy especially if you’ve fully recovered from your knee replacement and no additional surgery is planned or recommended in the near future. 

If you have a knee replacement, a long-term care insurance specialist will ask you the following questions to determine if you can qualify for a long-term care insurance policy and calculate your premium:

When did you have the knee replacement?

Are you still receiving physical therapy? If not, when did the physical therapy stop?

Have you had one knee replaced or both? If only one is your orthopedic doctor recommending you get the other knee replaced in the next year or two?

What prescriptions have you taken in the last year for the knee replacement? 

Are you currently taking any narcotic pain medication? If so, how often do you take it?

 

Request a 15-minute phone call from an LTCi specialist. No obligation.

  • Date Format: MM slash DD slash YYYY
  • This field is for validation purposes and should be left unchanged.