Frequently Asked Questions

If you are thinking about planning for the future costs and burdens of aging, we know you have questions about your options and if Long-Term Care Insurance is an affordable and appropriate solution. Here is a list of frequently asked questions and our answers.

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Featured FAQs

  • How Does Long-Term Care Insurance Differ From Other Types Of Insurance?

    You may be familiar with other types of insurance, but how do they compare to Long-Term Care Insurance? In this article, we’ll discuss the similarities and differences between different types of insurance.

  • What Is Underwriting In Long-Term Care Insurance?

    When you apply for Long-Term Care Insurance, the insurance company will review your health and family history to determine eligibility. There are health issues that prevent you from obtaining coverage. However, every company has its own underwriting rules, and a specialist can match you with the right company.

  • Long-Term Care Insurance Applications: Can I Lie About My Health and Get Away With It?

    There’s nothing stopping you from lying initially, but the rigorous underwriting process to determine eligibility for Long-Term Care Insurance will uncover the truth. This can damage your chances of obtaining LTC Insurance and expose you to legal risks. Being truthful is the best way to determine coverage eligibility.

  • What Is A Health Savings Account & How Does It Work?

    A health savings account (HSA) is a valuable resource to save for health care expenses. You can contribute to and withdraw from an HSA completely tax-free as long as you use the money to pay for qualified medical expenses. This account can reduce your overall tax liability and increase your savings to cover care costs. You can click “Read More” to learn how health savings accounts work.

  • Will Long-Term Care Insurance Premiums Increase?

    Are you worried about your Long-Term Care Insurance premium increasing? The good news is you likely don’t have to worry about significant increases anymore. Here’s why your premiums won’t increase any time soon.

  • How To Apply For Long-Term Care Insurance

    On the outside, applying for Long-Term Care Insurance may seem daunting. But with the right help from an insurance professional and this step-by-step guide, you'll be able to apply in no time. The process includes a meeting, a health questionnaire, and potential assessments. We'll also discuss what to do before and after applying so you can get the best policy for your needs. 

  • Types Of Long-Term Care Insurance Policies & Which Is Best For You

    Long-Term Care Insurance is highly regulated, but premiums and underwriting criteria can vary dramatically between companies. While policies typically share core benefits, they are not all the same. Most insurance agents and financial advisors know very little about designing a policy because the industry and the product features evolve rapidly.

  • Can You Get Long-Term Care Insurance With Pre-Existing Conditions?

    Having a pre-existing condition can impact your ability to get Long-Term Care Insurance. But not all pre-existing conditions are equal in the eyes of an insurance company. In this article, we want to help you understand when a pre-existing condition might prevent you from qualifying for coverage. We also want to discuss conditions that are often covered. You can click here to learn more.

  • What Are Long-Term Care Insurance Tax Deductions? (2024)

    Long-Term Care Insurance tax deductions and incentives can help you save money on insurance premiums. In this article, we’ll explain how you can deduct your LTC Insurance premium from your taxes this year. Click “Read More” to learn about who’s eligible for deductions and how much you could save.

  • What Is Long-Term Care Insurance & What Does It Cover?

    Today, Long-Term Care Insurance is comprehensive, covering all types of care options, including in-home care. There are more choices today than ever before.

  • How To Pay For Long-Term Care

    Figuring out how to pay for long-term care can feel stressful and overwhelming. But through research and planning, you'll discover many ways to cover long-term care costs. In this article, we'll explore those options, including insurance, Medicaid, and other temporary solutions.

  • What Are Long-Term Care Insurance Regulations & How Do They Protect Policyholders?

    In this article, we'll discuss three vital pieces of regulation. Then we'll explain why these rules are important and how they protect you.

  • Long-Term Care Insurance Specialists vs Financial Advisors (Pros & Cons)

    If you are considering purchasing Long-Term Care Insurance, you may want to work with a financial advisor or Long-Term Care Insurance specialist. We’ll break down the differences between financial advisors and LTC Insurance specialists so you can choose the best one for you and your needs.

  • What Is the Partnership Program in Long-Term Care Insurance?

    Long-Term Care Insurance partnership programs provide extra asset protection. But what exactly is a partnership policy? This article discusses what partnership policies are and when they can be valuable to Long-Term Care Insurance buyers.

  • Who Needs Long-Term Care?

    About half of Americans will need help with daily activities at some point in their lives due to chronic illness, mobility challenges, dementia, or frailty from aging. Many other conditions can also lead to a need for long-term care. To learn about who needs care and the steps you can take to prepare for care needs for you or a loved one, click "Read More" to read our full article on the subject.

  • What Is A Long-Term Care Insurance Specialist & How Can They Help You?

    Long-Term Care Insurance Specialists are highly trained experts who help individuals learn about and apply for Long-Term Care Insurance. In this article, we'll dive into what exactly specialists do and why it may be valuable to meet with one. 

  • Assisted Living Facilities vs. Nursing Homes: What’s The Difference?

    Assisted living facilities and nursing homes are residential facilities that offer different long-term care services. Assisted living facilities cater to those with basic long-term care needs who wish to live a relatively independent lifestyle. Nursing homes cater to individuals who need excessive help with long-term care or supervision for cognitive decline. However, these aren’t the only differences between these facilities. You can click “Read More” to learn which long-term care facility may work best for you or your loved one.

  • Independent Insurance Brokers vs. Captive Agents: Key Differences When Choosing an Insurance Representative

    While both can offer LTC Insurance, only an independent insurance broker is able to offer from multiple companies and has an explicit fiduciary duty to their client. This means most independent brokers can offer a broader range of products and services with fewer restrictions on them.

  • Long-Term Care Insurance Cost: Factors, Considerations and Price Ranges

    While typical yearly costs for Long-Term Care Insurance range from $1,000 to $2,000, several variables affect Long-Term Care Insurance premium prices, including age, gender, and the specific benefits of your policy.

  • What Is a Nursing Home?

    Nursing homes offer comprehensive, round-the-clock long-term care. We'll explore what nursing homes are, their cost, and the services and amenities they offer. We'll also compare the pros and cons so you or your loved one can make an informed decision on if a nursing home is the right choice for you.

  • What Is a Continuing Care Retirement Community (CCRC)?

    Continuing care retirement communities (CCRCs) provide seniors with a familiar community to move around within as their long-term care needs progress. This article explains what a continuing care retirement community is, how it's different from other types of long-term care, and why it may or may not be the best option for you or your loved one.

  • Preparing a Living Will

    A living will can prevent anxiety about medical treatment in case of an emergency when you’re unable to make your own decisions. We discuss what living wills cover and considerations for creating yours.

  • What Is Kidney Disease & How to Care for a Loved One with Kidney Disease

    Kidney disease is a chronic illness affecting millions of people in the U.S. Because of its prevalence, many families and friends step in as caregivers for loved ones with kidney disease. This article will discuss what kidney disease is, how it's treated, and how you can help a loved one struggling with the disease.

  • Navigating the Transition From Hospital to Rehab to Home

    Supporting a loved one's journey from hospital to rehab and ultimately back home can offer its fair share of difficulties. Understanding the rehabilitation process and proactively planning for your loved one's stay can pave the way for an easier transition.

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