What is “Inflation Protection” in a Long-Term Care Insurance Policy?
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 services.What is Medicaid?
Medicaid = A joint federal/state program that pays for healthcare services for those with low incomes or very high medical bills relative to income and assets. Source: National Association of Insurance Commissioners A Shopper’s Guide to Long-Term Care Insurance...2 “gotchas” you need to watch out for when choosing your “Daily Benefit”
Gotcha #1: Some long-term care insurance policies have different ways of determining the Daily Benefit depending upon the setting in which you are receiving care. For example the: Nursing Home Daily Benefit may be $200, Assisted Living Facility Daily Benefit may be...Rate Increases? Check Your State
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Buy Long-Term Care Insurance Now to Save Later
NY LTC Trust Act improves on WA LTC Trust Act
Washington Long-Term Care Trust Act Still Law
Federal Judge Upholds Washington Cares Fund
Major Changes to Washington State’s Long-Term Care Program
How can I opt out of the Washington Cares Fund?
Washington LTC Trust Act Opt-Out
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