Medicare and most insurance policies will not cover long term care such as nursing home facilities, assisted living facilities, and adult day care centers. Even home health care assistance typically isn't covered. This leaves many seniors wondering how they will pay for long term care expenses. The answer is to purchase Long Term Care insurance. These insurance plans will cover a multitude of conditions. Here are some tips on questions you should ask when comparing Long Term Care insurance policies.
· What is the policy regarding pre-existing conditions?
· What conditions aren't covered by the policy?
· When will the coverage start?
· Will the premium increase each year?
· Is the policy Tax Qualified?
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