Long-Term Care

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Long-Term Care

Long-term medical care for a debilitating but non-life threatening condition. For example, one may require long-term care if one is involved in a car accident or has a non-terminal disease that does not allow him/her to live independently. Long-term care often involves the inability to perform at least some of the activities of daily living. One may purchase long-term care insurance to pay for some of the expenses associated with long-term care.
References in periodicals archive ?
A spokesman for LTC said that the LTC has mandate to enforce, plan and regulate transport facilities in city that has revamped the traditional transport culture into modernized
Nationwide found, for example, that the participants in the latest survey knew one important thing about LTC risk: 85% understood that Medicare does not pay for LTC services.
About 90 percent are willing to talk about LTC planning, but only about 10 percent have actually set up LTC planning solutions, he said.
We've seen needed changes to the Medicaid LTC program in recent years, including a growing ability for people to receive care at home in many states.
In this type of buy-sell arrangement, adding a LTC rider (accelerated death benefit based on the LTC triggers, or option #3) is an inexpensive way to get LTC benefits but not in the traditional product design.
Some of the woes now facing LTC insurance can be traced to the relative newness of this coverage.
The life-LTC and annuity-LTC hybrids also work best for consumers who happen to have skilled LTC planners.
5-day live program, introduces attendees to the opportunities of providing LTC services and the necessary business efficiencies.
LTC Connection also offers perks that other companies don't, therefore increasing the value benefit to students, with no extra cost to them.
Prior to these changes, LTC benefits paid from an annuity with an LTC rider were taxable as ordinary income.
has patented a process to determine a tiered benefit structure for LTC insurance.
LTC costs are paid privately; by Medicaid, Medicare or Medigap; or by LTC insurance.