by Carolyn Olson | Jan 26, 2012 | Medicare
Medicare = The federal care program providing hospital and medical insurance to people aged 65 or older and to certain ill or disabled persons. Benefits for nursing home and home health services are limited.
by Carolyn Olson | Jan 26, 2012 | Medicaid
Medicaid = A joint federal/state program that pays for healthcare services for those with low incomes or very high medical bills relative to income and assets. “The number of Americans needing long-term care is expected to double in the coming decade as...
by Carolyn Olson | Jan 26, 2012 | HIPAA
Health Insurance Portability and Accountability Act (HIPPA) = Federal health insurance legislation passed in 1996 that allows, under specified conditions, long-term care insurance policies to be qualified for certain tax benefits.
by Carolyn Olson | Jan 26, 2012 | Hands-On Assistance
Hands-On Assistance = Physical assistance (minimal, moderate or maximal) without which the individual would not be able to perform the activities of daily living.
by Carolyn Olson | Jan 26, 2012 | Guaranteed Renewable
Guaranteed Renewable = When a policy cannot be canceled by an insurance company and must be renewed when it expires unless benefits have been exhausted. The company cannot change the coverage or refuse to renew the coverage for other than nonpayment of premiums...
by Carolyn Olson | Jan 26, 2012 | Dementia
Dementia= Deterioration of intellectual faculties due to a disorder of the brain.