Understanding Insurance Options for Long Term Care Warner Robins, GA
Taking some time to understand how insurance for Long Term Care Warner Robins GA works can help individuals determine if it is something they should invest in. However, companies offering this insurance will only sell to those who meet their health guidelines. This is why it makes sense for a person to apply for the coverage when they are still healthy and young. Some factors that need to be understood when making this purchase are highlighted here.
Each option of insurance for extended care insurance in Warner Robins will include different benefits triggers. These are specific conditions that have to exist for the insurance company to pay out the benefits. For example, a number of the tax-qualified policies will only pay out the benefits when a person is not able to perform at a minimum two of the six total activities of day to day living without significant assistance for a period no shorter than 90 days. Also, in order to receive benefits a plan of care needs to be prescribed by a health care provider. A number of the non-tax qualified policies have different benefits triggers that are typically much less restrictive. Click here to get more information.
Even when the long-term insurance provider has agreed to pay benefits for a policyholder, there is typically a waiting period that must be observed prior to actually receiving the payments. This is referred to as the elimination period. It starts when the benefits are first triggered. During this period, it is highly likely that the insured individual will have to pay for their own care services. Some of the most common options for receiving benefits from any policy that offers these care provisions is at periods of 30, 60, 90 or 100 days after the services have begun.
For more information regarding Long Term Care Warner Robins GA, contact Stone Insurance Agency Inc. Doing this will provide the information necessary to determine if this coverage option is right for a certain person under a specific set of circumstances. Making an educated decision about the insurance will ensure that if coverage is needed it is able to be acquired without many issues or problems.