Long-Term Care Insurance

What this video covers

• How individual policies differ from group coverage, including what a certificate of coverage describes and where care may be provided
• How skilled, intermediate, and custodial care differ, and how to identify eligible services in a mixed bill
• The six activities of daily living (ADLs) and the tax-qualified trigger involving substantial assistance with at least two policy-recognized activities expected to last at least 90 days
• Why a cognitive impairment diagnosis alone does not trigger benefits, and how substantial supervision and practitioner certification fit the cognitive route
• How to count service days in an elimination period and distinguish that unpaid wait from the expected 90-day impairment duration and the benefit period
• How expense-incurred, indemnity, and disability or cash benefit methods pay, including how to apply the eligible-expense limit
• How compound inflation protection increases a daily benefit over time, and how guaranteed renewable coverage differs from non-cancellable coverage