LONG-TERM CARE INSURANCE – WHAT YOU NEED TO KNOW & HOW TO OVERCOME A DENIED CLAIM

Do you have a long-term care insurance policy? What would happen if you could no longer perform certain basic daily tasks that are essential to self-care? Who would take care of you? Unfortunately, this scenario is increasingly common for our aging community. Consider:
 

• A majority of people over the age 65 will need some type of long term care.
• A higher percentage of older women will need care than their male counterparts.
• The length of time that care is required varies, of course, and is also on average longer for women than men.
• About 14% of the population will need long term care for more than 5 years.

But don’t let these statistics frighten you.
You can plan ahead by investing in a long term care (LTC) insurance policy, as many Americans do as they begin to think about retirement. That way, in the event you need daily support, you can rest assured as it’s part of your policy coverage
Unfortunately, many insurance companies are primarily focused on their bottom line and not the well-being of their policyholders. As a result, insurers to find every means possible to deny or delay claims and benefits.
This guide will provide or explain:
 

• A description of Long Term Care (LTC) insurance;
• What activities of daily living (ADLs) are and what you have to prove;
• The claims process;
• How to get organized before submitting a claim; and
• What to do if your claim is denied.