CPI-Based Inflation
An option that is offered on several Long-Term Care Insurance policies provides the insured the ability to increase their benefits on an annual basis based upon the Consumer Price Index
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
Transferring
One of the Activities of Daily Living used to trigger benefits in a Long-Term Care policy. Transferring is the activity of getting into and out of bed or a chair or wheelchair. (See also Activities of Daily Living.)
Activities of Daily Living (ADL's)
Activities of daily living (ADLs) are learned activities that each person performs to live a normal life.
Medicaid (MediCal in California or MassHealth in Massachusetts)
Medicaid is a government-funded medical aid program. Medicaid aims to help low-income individuals pay for medical and long-term care.
Compound Inflation
A compound inflation rider increases Long-Term Care Insurance benefits by a set percentage each year. Because this percentage is compounded, the benefits increase based on the new total. This can help offset increasing care costs.
Countable Assets
Countable assets are owned items or money evaluated when determining Medicaid eligibility.
Continuing Care Retirement Community (CCRC)
A residential retirement community where a variety of living and medical services are provided to residents who are in need of continuous care and/or supervision.
International Benefits
This is a provision is some Long-Term Care Insurance contracts which allows for the insured to receive benefits outside the United States and U.S. territories.
Benefit Period
The benefit period is the minimum period of time policyholders can receive Long-Term Care Insurance benefits.
Inpatient Care (Inpatient Facility)
Inpatient care is when an individual needs intense overnight treatment for a serious or life-threatening health condition.
Continence
The ability to maintain control of bowel and bladder function; or, when unable to maintain control of bowel or bladder function, the ability to perform associated personal hygiene (including caring for catheter or colostomy bag).
Severe Cognitive Impairment
Loss or deterioration in mental capacity that is comparable to Alzheimer's Disease and similar forms of irreversible dementia.