Home care only policies ignore reality. The catastrophic event occurs when a facility stay is required. The major carriers do not even offer home care only policies. Either of two methods are used to pay benefits. Reimbursement pays the actual costs of care up to a selected daily maximum.
Indemnification pays a fixed daily amount regardless of actual cost.
Comprehensive vs. Stand-Alone. Cognitive Impairment . This trigger requires a policy to pay benefits when an individual needs substantial supervision to protect against threats to health or safety due to a loss or deterioration in intellectual capacity. Alzheimer's and similar forms of dementia are included. The most important cost factor.