by Carolyn Olson | Jan 26, 2012 | Custodial Care (Personal Care)
Custodial Care (Personal Care) = Care to help individuals meet personal needs such as bathing, dressing and eating. Someone without professional training may provide care. Related articles How Much Does Long-Term Care Insurance Cost? (ltcfacts.org) How does your...
by Carolyn Olson | Jan 26, 2012 | Cognitive Impairment
Cognitive Impairment = A deficiency in a person’s short-or long-term memory; orientation as to person, place and time; deductive or abstract reasoning; or judgment as it relates to safety awareness.
by Carolyn Olson | Jan 21, 2012 | Benefits
Benefits = The monetary sum paid or payable to a recipient for which the insurance company has received the premiums.
by Carolyn Olson | Jan 21, 2012 | Benefit Period
Benefit Period = The length of time a specific benefit will be paid. It begins when the policyholder becomes eligible for benefits and ends when the policyholder has been out of claim status for a given period of time.
by Carolyn Olson | Jan 21, 2012 | Zero-Day Home Care Elimination Period
Zero-Day Home Care Elimination Period = A feature in a long-term care insurance policy that waives the elimination period for qualified care received at home. The policy can pay benefits for the first day of qualified care received at home.
by Carolyn Olson | Jan 21, 2012 | Spouse Premium Waiver
Spouse Premium Waiver = A provision in an insurance policy that relieves the insured and insured’s spouse/partner of paying the premiums while receiving benefits.