Free Online Long Term Care Insurance Quotes >> Learn how much Long Term Care Insurance will cost you
Long term care insurance helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid. In the United States, two types of long term care policies are currently being sold: Tax Qualified and Non-Tax Qualified. The Non-Tax Qualified (NTQ) was formerly called Traditional Long Term Care insurance. It often includes a "trigger" called a "medical necessity" trigger. This means that the patient's own doctor, or that doctor in conjunction with someone from the insurance company, can state that the patient needs care for any medical reason and the policy will pay. The Tax Qualified (TQ) long term care insurance policies do not have a Medical Necessity trigger. In addition, they require that a person be expected to require care for at least 90 days, and be unable to perform 2 or more activities of daily living (eating, dressing, bathing, transferring, continence) without substantial assistance (hands on or standby) and that a doctor provides a Plan of Care; or that for at least 90 days, the person needs substantial assistance due to a severe cognitive impairment and a doctor provides a Plan of Care. Benefits are non-taxable.
Searching for suitable long term care insurance providers is made all the easier these days with the power of the Internet. All you need is a computer and a reliable Internet connection and you're all set. Getting information is facilitated even more since practically every company nowadays has a website. Not only that, you can read the feedback, recommendations, and criticisms from insurance companies' subscribers through forums and electronic bulletin boards.
Admittedly, comparision shopping for long term care insurance may not be as thrilling as heading to the nearest mall and taking advantage of a big sale, but many insurance companies have sales of their own too, in the form of discounts. This alone can bring the satisfaction of knowing that you got more than what you paid for - and that one day, that bargain will be able to help you in a time of need.
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