Only once repair costs exceed that cap does your insurance kick in. The elimination period in nursing home policies requires you to pay for the beginning of your stay on your own, before the benefits of your policy go into effect. The longer your elimination period, the lower your premiums. To determine how high a daily benefit you will need, contact a number of nursing homes in your area to see what they charge. Again, the higher your daily benefit, the higher your premium.
Benefit periods run from one year to the remainder of life.
The longer your benefit period, the higher your premium. If you're an older American with no savings, and therefore no cash to contribute to your nursing home stay, Medicaid will take care of it. You don't need private insurance. Find the right lawyer fast. Know the cost up front.