Health Qualifications for Long Term Care
Most of us do not have an idea about what long term care (LTC) is and how it works. While we thought that anyone financially capable can avail it, that’s a mistake that must be corrected. Although the ability to finance it may qualify one, there are still other things that must be looked at. This includes health considerations.
LTC insurance is specifically designed to provide assistance to people who are inflicted with chronic conditions such as arthritis, Alzheimer’s, cancer, diabetes, renal diseases, heart problems, frailty due to aging, and recovery from surgery or accident. People who are under this conditions are usually unable to perform the activities of daily living (ADL) and require care that may last for weeks, months, or years.
So how do you know if you qualify for LTC or not?
If you are able to perform the usual activities of daily living, then most likely you have no need for this insurance. Having enough strength to bathe and dress yourself can save you from the costs of insurance plans. If you can eat and walk by yourself, then you are still considered as strong as a horse and will not qualify.
On the other hand, if you are having difficulties dealing with other daily activities such a household chores, drinking medications, handling finances and taking transportation, then you could make it in the cut. You definitely need assistance and can use long term care for your advantage. You are eligible for assistance in your own home, in a residential care or assisted living facility, adult day care, or in a skilled nursing facility.
Next, you may have been inflicted with a chronic condition but if you are still able to function without assistance from another person or a mechanical device, then you may be disqualified from LTC. Remember, having the ability to perform the ADL makes you still physically powerful. Unless you need a walker, a wheelchair, or an oxygen tank, then that’s when you can be a candidate for this insurance.
Going back to the list of chronic conditions, if you are suffering from Alzheimer’s or dementia, this can entitle you for an LTC plan. This is because people with unclear thoughts and memory loss are health qualified. The same is if you also experiencing confusion and forgetfulness in relation to the mentioned condition.
These are not the only basis. It is not even half of the checklist. If you want to make sure if you are really qualified for this insurance, then I suggest dropping by a line or two to your preferred insurance company’s website. This is to save you time and gas but if you are willing, you can drop by their office and set an appointment with an agent who can answer all your inquiries.
There is still more about long term care that one must understand. Sometimes researching and reading about it is not enough to fully comprehend its elements, terms, and coverage. However, knowing about it and its benefits can help you prepare. Paying for long term care yourself can mean sacrificing a lifetime of savings or losing your financial independence. So know if you really need it and try to anticipate when you may need it.