With most policies the home care daily benefit is determined by the percentage of the nursing home daily benefit you choose. If you are single you need to be realistic as to how likely it is that you could remain at home. It may be wiser to put your premium into purchasing richer benefits in a Nursing Home Only policy that covers assisted living. This is the length of time that your policy will pay you benefits. The most common range of benefits available today are anywhere from 2 years to unlimited benefits.
Some policies pay benefits on a reimbursement model and others pay on an indemnity model.
The most common is the reimbursement model. We recommend purchasing as long of a benefit period as you can comfortably afford. Inflation Protection LTC Insurance is something that you purchase with the thought that you will use it in the future. In the future the costs of long-term care will be greater than they are now. That is why it is imperative that you purchase an inflation protection option with your policy.