Long-Term Care Insurance and Occupational Therapy

by | Apr 30, 2019 | Health Conditions

Long-term care insurance and occupational therapy may not seem like they go together. Shopping for a long-term care insurance policy may seem confusing especially if you have had occupational therapy. Getting long-term care insurance with occupational therapy 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 had occupational therapy?

If you have had occupational therapy 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 had occupational therapy?

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 occupational therapy 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.

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Will I pay more for long-term care insurance if I have had occupational therapy?

Probably not. As long as you’ve completed the occupational therapy you will probably not pay any extra premium due to your having needed any occupational therapy. Some insurers may charge applicants up to 20% more for a history of needing occupational therapy. 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 had occupational therapy, 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 had occupational therapy. 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 occupational therapy?

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.

If you have had occupational therapy, 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:

Why did you receive occupational therapy?

For how long did you receive occupational therapy?

When you did you complete the occupational therapy?

Is any additional occupational therapy planned in the near future?

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