I n an indemnity policy, the inflation protection benefit increases the daily benefit amount over time to help keep pace with inflation and increased expenses. Without this protection, the charges you pay above the daily benefit amount are likely to increase considerably over time. A daily benefit amount which is adequate today to meet nursing home or home care costs might not be adequate ten years from now. Of course, you are not required to purchase inflation protection.
Many consumer advocates say that inflation protection is a necessity.
However, understand that it is more important for younger people who might not need long term care for many years and less important for older people who might need long term care sooner.