How Do You Qualify for Long Term Care Insurance Benefits?

If you have a Long Term Care insurance policy, how do you go on claim and access the benefits you’ve been paying for? What are the qualifications you need to meet in order to start claiming these benefits?

We’ll start this podcast with a brief overview of Long Term Care insurance. LTC is the #1 killer of a retirement plan because it’s extremely costly. If you need to go into a convalescent facility, you might need to come up with upwards of $125,000/year. What about if you have care at home? It’s actually even more expensive, because instead of having one nurse, medical equipment and a doctor for 4-6 people, the nurse, equipment and doctor visits are just for you! And yet, most people would want to stay at home – at $200,000/year or more, that is hardly affordable and it could quickly wipe out a multimillion dollar estate. The one sure way to prevent that from happening is to get Long Term Care #insurance; and many experts believe that if you don’t have assets totaling more than $10M, LTC is a must.

Listen in to find out more about how to qualify for Long Term Care and how to access the benefits.