Long Term Care Coverage Philadelphia Pennsylvania PA
Reader’s Question:
What exactly is long term care and when does coverage start? What insurance company should I talk to about this in Philadelphia Pennsylvania PA?
Jenny
Philadelphia Pennsylvania PA
Hi Jenny, that’s a good question. Not many people within the US, including Philadelphia Pennsylvania PA, really think about long term care. Briefly, long term care includes a variety of medical as well as personal or social care that a person with extended illness or disability may require. If you know you won’t be able to pay for it out of your own pocket or are not eligible for Medicaid, then you should consider purchasing long term care insurance early on.
When it takes effect depends on an agreed “elimination period”. The elimination period is actually the length of time that you must have had home health care or been subjected to nursing home care before you can access your insurance. You can choose to have zero elimination period, which means that it takes effect as soon as you require home health care, but that would mean higher premiums.
I suggest you request for free online quotes to get a better idea of the range of premiums required by insurers in Philadelphia Pennsylvania PA. You can begin by entering your zip code on the forms on this page. You can also use the internet to get a list of insurers in your locality. This background information should come in handy when you finally decide to meet with your chosen insurer.
Tags: long term care insurance
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