Quick Answer
A claims offset is a provision that increases remaining Long-Term Care Insurance benefits.
Detailed Answer
A claim offset in Long-Term Care Insurance is a common contractual language that allows your insurance company to increase your remaining benefits to keep up with inflation.
Most policies include differing language to trigger a claim offset. However, the result is mostly the same. Instead of the original amount of remaining benefits, the company will increase your remaining benefits to keep pace with rising care costs.
This can help you get the most value out of your policy as time goes on. It also ensures that your policy is useful for covering your care needs even as times change.
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