Seven Steps You Must Take To Get The Best Long Term Care Insurance

1. Always choose a policy that pays for all types of care including nursing home care, assisted living care and home care.

2. All things being equal, always choose a policy that provides a calendar day elimination  period over a service day elimination period.

3. Always favor policies that are not restrictive about who can supply the  in-home care. Some policies require you to use a state-certified care provider. This would prevent you from hiring someone you know and trust like a family member or a trusted friend.

4. Always choose a policy that provides an annual cost of living increase of at least 3% to 5% so you won't be underinsured 20 or 30 years down the road. You should also favor polices that don't charge extra for this feature and choose policies that calulate the cost of living on a compounded basis versus a simple basis.


5. Favor policies that have monthly caps over policies that have daily ones.

6. Make sure you lean towards policies that provide benefits when you acquire assistance with two activities. That's because most people require assistance with dressing and bathing long before they require assiatance with a third activity.

7. Choose a policy that specifically includes dementia coverage even when the policyholder does not meet the policy's activity triggers.