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RESOURCES - Long Term Care
Overview
Insurance policy that pays some or all costs of nursing home care for qualified policy owners. Premium payments stop when the insured meets the qualifications for long-term care, which include medical necessity, cognitive impairment, and inability to carry out certain activities of daily living. Group policies are available. To qualify for benefits, policyowners need don’t have to be gravely ill, just unable to perform one or more of the daily activities for living. (dressing, bathing, eating, getting in/out of bed, using the bathroom, walking). Benefits paid can either be a reimbursement for care/health expenses or a single check paid monthly.
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