What does “Hands-On Assistance” mean in a long-term care insurance policy?
Hands-On Assistance = Physical assistance (minimal, moderate or maximal) without which the individual would not be able to perform the activities of daily living. Source: National Association of Insurance CommissionersA Shopper’s Guide to Long-Term Care Insurance...What is Custodial Care in a Long-Term Care Insurance Policy?
Custodial Care (Personal Care) = Care to help individuals meet personal needs such as bathing, dressing and eating. Someone without professional training may provide care. Source: National Association of Insurance Commissioners A Shopper’s Guide to Long-Term Care...What is Cognitive Impairment in a Long-Term Care Insurance Policy?
Cognitive Impairment = A deficiency in a person’s short-or long-term memory; orientation as to person, place and time; deductive or abstract reasoning; or judgment as it relates to safety awareness. Source: National Association of Insurance Commissioners A...What is an “Underwriting Class”?
The cost of a long-term care insurance policy is based upon several factors: your age at the time you apply for the policy, the benefits you choose for your policy, your premium payment option (e.g. 10-pay, “pay to age 65”, lifetime pay) your state of...Rate Increases? Check Your State
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Part 8: New York Times article on long-term care insurance – Long-term care insurance is risky
Part 7: New York Times article on long-term care insurance – “Yugo is proof the auto industry is in decline!”
Part 6: What the New York Times article on long-term care insurance got VERY wrong!
Part 5: Four things the New York Times article on long-term care insurance got right
Part 4: “Savvy Consumers? More half-truths in the New York Times article on long-term care insurance
Part 3: “Half-right”: Two things the New York Times article on long-term care insurance almost got right.
Part 2: Three Things the New York Times Long-Term Care Insurance Article Omitted
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