Having long term care insurance seems like a great idea. The issue is these policies can be very complicated when it comes to understanding just what they will cover. Many seniors who have long term care insurance aren’t aware of the complexities of how and when their benefits work. Here are some things to keep in mind if you are considering buying or have and want to use your long term care insurance.

All Long Term Care Policies are not Created Equal

Unfortunately there are no common or standard things that are covered under the policy. These policies can change not only from vendor to vendor, but based on location as well. There are no regulating standards for this type of insurance, so what is covered is not forced to any standards by law.

Beware of Hidden Conditions

Many policies are written using very complex legal wording which makes them difficult to understand. One term written into many policies is an elimination period. This is a specified amount of time that you must pay for you long term care entirely out of pocket before the policy will become active.

Check What Types of Care are Covered

Many newer medical procedures simply are not covered under long term care policies. This can lead to high bills if you assume that something your doctor recommends is covered under your policy. Make sure to check with the provider before having something you assume is covered done.

Stano Law group can assist you in understanding your long term care policy. Contact us today with questions for assistance.