High-Deductible Health Plan (HDHP)
A high-deductible health plan (HDHP) is a type of health insurance with a high out-of-pocket deductible, usually with a low monthly premium.
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
physical therapist
A physical therapist is a licensed healthcare professional who helps patients improve movement, manage pain, and regain strength after an injury, surgery, or illness.
Categories
Topics
Care Types
Integrated Care
Integrated care combines many types of care and services to create a comprehensive care plan. This care plan should address all of a long-term care recipient’s needs.
Hospice Care
Hospice is short-term, supportive care for the terminally ill which focuses on pain management, emotional, physical, and spiritual support for the patient and family. It can be provided at home, in a hospital, nursing home, or a hospice facility.
Restoration of Benefits
This is a rider on a Long-Term Care Insurance policy that allows for a partially used benefit to be fully restored if a person recovers and no longer requires care for a specified period of time, typically 180 days.
Look-Back Period (for Medicaid/MediCal/MassHealth)
In order to qualify for Long-Term Care benefits under Medicaid in the past, many people tried to "give away" money to children or transfer assets to a "safe" financial vehicle.
Nursing Home
A nursing home is an intensive long-term care facility that provides support and supervision 24/7.
Instrumental Activities of Daily Living (IADLs)
Skills necessary to live independently but not necessary for fundamental functioning. IADLs, for instance, would include shopping, preparing meals, taking medications, paying bills etc.
Asset-Based Long-Term Care Policy
Generally referred to as a hybrid policy, this is an insurance policy which combines a life insurance policy or annuity with a rider for Long-Term Care.
Lifetime Maximum Benefit
The same as “Lifetime Limits”. This is the maximum amount of benefits which a Long-Term Care Insurance policy will pay over the life of a policy. Generally, this is a dollar amount which can grow with inflation. Some policies use a "dates of service" or "period of time" to determine the maximum benefit.
Adult Day Care Center
Adult day care centers (ADCC) provide long-term health care to individuals during the day. They can help provide mental, social, and physical stimulation and fulfillment to aging or disabled adults.
Underwriting
Underwriting is a process insurance companies use to calculate the risk of insuring new individuals.
Premium
This is the amount of money that a policyholder pays to an insurance company in order to keep an insurance policy in force.