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Your Long Term Health Care Vision
It is important to think about what type of vision that you have for your Long-Term Health Care. Your insurance policy can cover a variety of different services or it could cover just a few depending on what you choose.
Policies, companies and states define Assisted Living Facilities differently. Merging your vision with the definition of a particular policy in a particular state according to what you can afford is key to getting the Long-Term Care Insurance Policy that is best for you and your family.
Policies generally pay benefits according to the day, week or month and have a limit of the number of years that they will pay out or the total dollar amount. It is important to keep in mind that it is possible to need a short stay in an Assisted Living Facility but it is also a possibility that you will have a long-term illness that could require several years of care.
You should go over your Long-Term care policy carefully with your agent in order to clarify what your benefit period or maximum dollar amount is in order to ensure that you are covered for as long as you may need to be.
Also, if you move to another state at some point prior to using your Long-Term Care Insurance policy, make sure that your policy definitions of Assisted Living Facilities match that of the state to which you are moving.
Purchasing healthcare of any sort can be confusing but with the right Insurance Specialist listening to your vision and your needs and matching them with the right plan, it can take the burden off of you as the decision-maker.