Annuity
An annuity is an insurance contract that acts as a savings vessel, providing stable income in old age.
The Complete Glossary on Long-Term Care
Explore clear, easy-to-understand definitions of the terms and concepts that shape long-term care planning. Whether you’re researching coverage options, care types, or planning terms, our glossary helps you make sense of the details so you can plan with confidence.
Term of the Day
Substantial Supervision
This is the continual supervision (such as cuing by verbal prompting, gestures, or other demonstrations) that is required in order to protect the cognitively impaired individual from threats to his or her health or safety.
Categories
Topics
Care Types
Short-Term Care Insurance
Short-term care insurance covers custodial care for short durations, usually up to one or two years.
Assisted Living Facility
An assisted living facility is a residential building with long-term care support services. Assisted living facilities can be a good fit for anyone needing a minor to moderate level of care and wanting to maintain independence.
Home Health Care (In-Home Care)
Home health care is custodial or skilled care that takes place in the care recipient’s home instead of a traditional long-term care facility.
Dementia
Dementia is a general term which is used to describe a person’s decline in mental ability severe enough to interfere with their daily life. Alzheimer's is the most common type of dementia.
Long Term Care Insurance Specialist
Long-Term Care Insurance specialists are expert Long-Term Care Insurance professionals. Specialists often help people find the best LTC Insurance coverage for their needs.
Respite Care
In a Long-Term Care policy Respite Care is a paid caregiver provided to the policyholder in order to give relief to an informal caregiver in order to give them a break or relief. Most Long-Term Care policies pay for Respite Care, usually limited by a certain number of days in a year
Plan Of Care
A documented, individualized plan of long-term care services prepared by a Licensed Health Care Practitioner (LHCP). Typically a Plan of Care would include the types and frequency of care needed.
Comprehensive Policy
A comprehensive Long-Term Care Insurance policy covers a majority of long-term health care services. These policies are regulated by federal laws and industry guidelines.
Coordination of Benefits
The coordination of benefits provision is some policy contracts means a Long-Term Care policy will pay benefits only after any other insurance policy or government agency has made payment.
Long-Term Care (LTC)
Long-term care addresses the medical and non-medical needs of individuals with chronic illnesses, disabilities, or dementia who cannot care for themselves. Long-term care is legally defined as care expected to last at least 90 days.
Intermediate Nursing Care
This is a health facility that provides medically related services to persons with a variety of physical or emotional conditions requiring institutional facilities but without the degree of care provided by a hospital or skilled nursing facility.