Monday, February 23, 2009

Understanding Waiting Period in Long Term Care Insurance

In order for you to understand the relative value of the waiting period in a particular company, you should ask these questions:

How many days during the week do I have to receive at least one day of professional home and community care that will be counted as seven toward completing the elimination period? With some insurers you only have to receive care at least one day to qualify for a seven-day credit.

How long a period do I have for completing my waiting period? If, for example, you chose a 90-day waiting period and you have the type of illness that in the initial stages does not require care every day some companies require that you have at least your 90 days of care during a 180- or 360-day period. If you do not qualify and have the appropriate number of days during that period of time your clock starts all over again and you must sustain treatment during your 90-day period during another 180- or 360-day period. This feature is becoming highly competitive and some companies are about to offer the ability to accumulate your waiting period during a 720-day period.

How often do I have to satisfy an elimination period to access benefits? Some companies provide that any elimination or waiting period longer than 30 days must be satisfied by you only once during your lifetime.

Just how different insurers treat this feature could be a significant factor in determination of the appropriate company to select for your long-term care insurance.


  1. Thank you! Wonderful article! It is high time it was about to write! About all changes author said simply, concisely and convincingly in this case.

  2. I'm certain that age is not a determining factor in needing long-term care. About 60 percent of individuals over age 65 will require at least some type of long-term care services during their lifetim

  3. I was curious to know about the waiting period in long term care insurance. I even asked my insurance agent about it but is not satisfied with the explanation that he provided. The above detail is very helpful. Thanks for posting.
    compare commercial insurances


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