Health Insurance Long-term care insurance policy checklist By Insure.com | Posted on January 12, 2010 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. Last updated Jan. 12, 2010 Agent: Phone number: Company: 1. What services are covered? Nursing home care Home health care Adult day care Alternate care Respite care Other 2. How much does the policy pay per day: For nursing home care? $ For home health care? $ For adult day care? $ For alternate care? $ For respite care? $ Other? $ 3. How long will the benefits last? In a nursing home At home In an assisted living facility Other 4. Does the policy have a maximum lifetime benefit? If so, what is it? For nursing home care $ For home health care $ For an assisted living facility Other 5. Does the policy have a maximum length of coverage for each period of confinement? If so, what is it? For nursing home care For home health care For an assisted living facility Other 6. How long must I wait before preexisting conditions are covered? 7. How long must I wait before benefits begin? For nursing home care For home health care For an assisted living facility Other 8. Are Alzheimer’s disease and other organic mental and nervous disorders covered? Yes No 9. Does this policy require: An assessment of activities of daily living? An assessment of cognitive impairment? Physician certification of need? A prior hospital stay for nursing home care? Home health care? A prior nursing home stay for home health care? Other? 10. Is the policy guaranteed renewable? Yes 11. What is the age range for enrollment? 12. Is there a waiver-of-premium provision? For nursing home care For home health care 13. How long must I be confined before premiums are waived? 14. Does the policy have a nonforfeiture benefit? 15. Does the policy offer an inflation adjustment feature? If so, what is the rate of increase? How often is it applied? For how long? Is there an additional cost? 16. What does the policy cost? Per year With inflation feature: $ Without inflation feature: $ Per month With inflation feature: $ Without inflation feature: $ Source: “Guide to Long-Term Care Insurance,” 2004, America’s Health Insurance Plans Related Articles The basics of long-term care insurance