What is Long-Term Care Insurance?

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I would like a live in caregiver job. A Fiji citizen and currently living here in Fiji.
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There are lots of information about long-term care insurance, you can even get them online. Several websites provide useful information about long-term care insurance like aaltci, freeltcquotes.com, longtermcare.gov and ltcfeds, including the basics, planning, cost, and benefits. Consider long-term care insurance as an investment or a protection when the need for care arises. It finances long-term care services in a variety of settings.
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lthomas,
Assuming you are in control of your parents finances at this point, look through your parents checking account for the past 12 months and see which insurance companies they sent payments to. Contact each insurance company and find out what type of policy each payment was for. You can't just do a search on a social security number and find out if someone has an insurance policy. You need to start with each company and ask each company.
Scott
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Is there anyway to find out if your parent has a Long Term Care Insurance policy with out having the paperwork, like with their social security number?
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Also, if you make payments and stop, you can get reimbursement back if you act quickly. If you wait a year, you will lose it all. My Mother paid out thousands for this insurance, stopped making payments because it cost her over $7000.00 a year. They sent a letter for her to cash in, but she was in early stages and did not understand. By the time I found the letter, they said, too bad so sad. There was nothing I could do. She lost out on over $50,000.00, they kept.
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Long term insurance can be wonderful and take a lot of concern and worry away from families. However, read the policy carefully. Most of these policies will only cover for 2 to 5 years and no longer. 5 years is the longest I have ever seen. Some of them want you to pay for the care out of pocket and then reimburse you. Then they are not real quick to do that. That's what my fathers policy required. Just be careful.
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Long term care (LTC) insurance is a kind of annuity that secures financing your future long term care needs. If you are unable to perform at least two or three of the daily activities like dressing, eating, bathing or getting out of the bed, then you required to be on ltc. Or if you have a condition (e.g. alzheimer's) even if you are able to perform these things, you are still subject to be ltc dependent. It provides you with different settings based on your needs. You can get more comprehensive information about ltc insurance here:
www.aaltci.org
longtermcare.gov
infolongtermcare.org
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I'm a real fan of long term care insurance. As mentioned in many articles and discussions it should optimally be purchased while people are in their 50's. Having said that - however there are some wonderful solutions that a good LTC expert can purchase for those who are older by conversions of existing life insurance policies or even changing up some plans. Many people today did not purchase LTC insurance so they are looking for solutions - asset reallocation with a strong eldercare attorney is the best avenue so a person can apply for financial assistance so they can keep their money and not die pennies while qualifying for care.
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