{"id":1619,"date":"2026-04-06T18:53:02","date_gmt":"2026-04-06T18:53:02","guid":{"rendered":"https:\/\/assistinghands.com\/134\/?p=1619"},"modified":"2026-04-06T18:53:02","modified_gmt":"2026-04-06T18:53:02","slug":"you-have-long-term-care-insurance-now-what","status":"publish","type":"post","link":"https:\/\/assistinghands.com\/134\/massachusetts\/dedham\/blog\/you-have-long-term-care-insurance-now-what\/","title":{"rendered":"You Have Long-Term Care Insurance, Now What?"},"content":{"rendered":"
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Several years ago, maybe decades ago, you purchased a long-term care insurance (LTCi) policy. Every month, you see a premium being deducted from your bank account. Now what?<\/span><\/h3>\n

You wonder. What should I do with it? What type of expenses will this LTCi policy cover? How much benefit am I entitled to? When is the right time to activate my policy, or should I wait? And will long-term care insurance help me stay in my home and age in place?<\/span><\/p>\n

These are <\/span>great questions <\/b>that many policyholders like you ask themselves. Let\u2019s cover the basics here.<\/span><\/p>\n

First, having a long-term care insurance (LTCi) policy<\/a> is a great thing as you age and start needing help, especially if you want to stay home as you age.<\/span><\/p>\n

Read on for a brief overview and answers to basic questions you may have.\u00a0<\/span><\/p>\n

What type of expenses will this LTCi policy cover? Short answer: long-term care services<\/span><\/i><\/h2>\n

\"A<\/p>\n

Long-term care insurance (LTCi)<\/b><\/a> is designed to cover <\/span>long-term care services<\/b>, including help with <\/span>activities of daily living<\/span><\/i>, <\/span>home care<\/span><\/i>, <\/span>respite care<\/span><\/i> or <\/span>adult day care<\/span><\/i>. This care may be given in your <\/span>own home<\/b>, or outside your home, such as at an adult day care, an assisted living facility, a nursing home or a hospice facility.<\/span><\/p>\n

Statistically, about 70% of people who reach age 65 are expected to need some form of long- term care as described above at least once in their lifetime.<\/span><\/p>\n

Keep in mind that these long-term care expenses are not reimbursed by Medicare, Medicare supplement insurance (Medigap), or regular health plans, so planning to pay for these, either out of pocket or with an LTCi, is a good idea.<\/span><\/p>\n

What kind of coverage can I expect from my Long-term care insurance (LTCi) policy?<\/span><\/i><\/h2>\n

What?<\/span><\/i> The expenses covered are spelled out in your policy; they will range from personal care services to homemaker services to home improvements to your home; we\u2019ll have to check.<\/span><\/p>\n

Where?<\/span><\/i> They will generally cover care in your own home, or an assisted living facility, a nursing home, or a hospice facility.\u00a0<\/span><\/p>\n

Who?<\/span><\/i> You may have taken a shared policy that covers you and your spouse.<\/span><\/p>\n

When is the right time to activate my policy, or should I wait? Let\u2019s assess your health<\/span><\/i><\/h2>\n

There are many variations of policies, so we do not want to generalize without looking at your specific policy.<\/span><\/p>\n

Let\u2019s start with <\/span>your health<\/b>: LCTi policies are triggered by functional or cognitive impairment.\u00a0<\/span><\/p>\n

Ask yourself these questions: <\/span><\/p>\n