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…)...
What is a “Partnership Qualified Policy”? Partnership Qualified Policy = A type of policy that allows you to protect (keep) some of your assets if you apply for Medicaid after using your policies benefits. Not all states have these...
Inflation Protection = A policy option that provides for increases in benefit levels to help pay for expected increases in the costs of long-term care...
Medicare = The federal care program providing hospital and medical insurance to people aged 65 or older and to certain ill or disabled persons. Benefits for nursing home and home health services are limited. Source: National Association of Insurance CommissionersA...