Long Term Care Insurance
Long Term Care Insurance
- Provides benefits to help cover the cost of long term care, either home-based or in a long term care facility. Monthly benefits are triggered by Functional dependence: Functional dependence means that an insured person needs substantial assistance with 2 or more Activities of Daily Living (bathing, eating, dressing, toileting, transferring, maintaining continence) or substantial supervision due to a cognitive impairment, and is under the regular care of a physician. Terms differ from insurer to insurer.