Long-Term Care Insurance and Hashimoto’s Thyroiditis

by | Apr 30, 2019 | Health Conditions

Long-term care insurance and Hashimoto’s thyroiditis may not seem like they go together. Shopping for a long-term care insurance policy may seem confusing especially if you have Hashimoto’s thyroiditis. Getting long-term care insurance with Hashimoto’s thyroiditis 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 have Hashimoto's thyroiditis?

Yes. If you have Hashimoto’s thyroiditis you will be able to qualify for long-term care coverage. 

Which type of long-term care policy should I buy if I have Hashimoto's thyroiditis?

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 Hashimoto’s thyroiditis 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?

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Instant ranking of the 4 types of long-term care coverage.

Will I pay more for long-term care insurance if I have Hashimoto's thyroiditis?

Every long-term care insurance company is different. In most cases and with most companies you will not pay a higher premium because you have Hashimoto’s thyroiditis. Some insurers may charge applicants up to 20% more for Hashimoto’s thyroiditis, but most won’t. 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. 

Can I qualify for long-term care insurance if I have a family history of Hashimoto's thyroiditis?

Yes, you can qualify for long-term care insurance if you have a family history of Hashimoto’s thyroiditis. Most long-term care insurance companies are not concerned when there’s a family history of Hashimoto’s thyroiditis.

Can I qualify for long-term care insurance if a genetic test shows I may develop Hashimoto's thyroiditis?

We always advise our clients to apply for long-term care insurance before they get genetic testing. If you have a genetic test that shows you could develop Hashimoto’s thyroiditis, you will probably still be able to qualify for long-term care insurance. To make sure, click here to schedule a 15-minute conversation with one of our long-term care insurance specialists (no obligation). 

If I have Hashimoto's thyroiditis 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 Hashimoto’s thyroiditis. 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.

If you have Hashimoto's thyroiditis, 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 were you first diagnosed with Hashimoto’s thyroiditis?

What prescriptions have you taken in the last year for Hashimoto’s thyroiditis?

 

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