Other important features are duration of coverage, elimination periods, coverage for adult day care, hospice care and ambulance service. Be aware, premiums can vary greatly for very similar benefits depending upon the long term care insurance company. If it is, some or all of the premiums you pay may be treated as a tax deductible medical expense. Once you've found the policy that contains all the provisions you want for the premium you can afford, then investigate the insurance companies that sell such a policy. Choose a company whose ratings indicate it will be there when you need it.
Several companies rate the financial stability of insurance companies.
Inc. PO Box 245, Ellettsville, IN 47429 for Special Ratings Issue. Long Term Care insurance is complex. Deciding on the plan to buy or even if to buy can be difficult. Plan time to do your research if you intend to make your decision without professional help. You can certainly do it but the research will take time and effort.