In December of 2004, the company that set the standard for personal computers (remember “IBM-compatible”), stopped selling personal computers. After dominating the PC market for most of two decades, IBM abruptly left. No newspaper editor was silly enough...
Updated: 5 Reasons why a 90-day Elimination Period usually makes the most sense: 1. Most medical insurance policies can pay up to the first 100 days in a skilled nursing facility. If you need rehabilitative care (e.g. physical therapy, speech therapy, etc…)...
How much does long-term care insurance cost? Long-term care insurance is very flexible. Every long-term care policy gives you many choices for your benefits. You choose your: Daily Benefit, Inflation Benefit, Policy Limit, and Elimination Period. The richer the...
Policy Limit = a limit on how much the policy can pay in benefits over your lifetime. Source: National Association of Insurance Commissioners A Shopper’s Guide to Long-Term Care Insurance 2009 When buying your long-term care insurance policy, you choose a “Benefit...
Inflation Benefit = how a long-term care insurance policy’s benefits grow in order to try to keep pace with the increasing costs of care. Source: National Association of Insurance Commissioners A Shopper’s Guide to Long-Term Care Insurance 2009 The Inflation Benefit...
Daily Benefit = the amount of money your long-term care insurance policy can pay for each day that you receive qualified care. The Daily Benefit is the single-most important feature in your long-term care policy. Choose it wisely! The Daily Benefit is sometimes...