Policy basics
This is the recurring bill you must pay to keep your insurance active.
What is the premium
This is the most common place people prefer to stay while receiving long-term care.
What is your own home
This health insurance program for seniors over 65 does not pay for long-term nursing home stays?
What is Medicare
Insurance companies prefer you buy a policy before this milestone birthday, when health problems usually increase.
What is 60-65?
This facility provides 24-hour medical supervision and the highest level of daily care?
What is a nursing home
This government program pays for long-term care, but only after you spend all your own money?
What is Medicaid
This is the out-of-pocket waiting period you choose before your insurance starts paying?
What is the elimination period
This type of facility lets you live in your own apartment but offers shared meals and help with chores?
What is an assisted living facility
This gender group pays higher premiums because they statistically live longer and need more care?
Who are women
This common waiting period length lasts exactly?
What is 90 days.
This is a safe place for seniors to go during daytime hours while their family caregivers are at work?
What is adult day care
This type of modern policy mixes traditional life insurance with long-term care protection?
What is a hybrid policy
This type of policy feature makes your benefit payout grow every year so it keeps up with rising prices?
What is inflation protection
This is the professional term for a paid helper who comes to your house to assist with bathing and meals?
What is a home health aide
This phrase describes the risky strategy of saving money and paying for your own care without any insurance?
What is self-insuring