What You Need To Know About Long-Term Care Insurance
Insurance, including heath, disability, and long-term care, is a major expense that few of us can afford not to have. However, often the real question is not whether our clients have insurance, but whether it is appropriate to meet their needs. The next problem faced by insured individuals is how to properly file claims and defend their rights if a denial of coverage is issued by the carrier.
At Chayet & Danzo, LLC, our attorneys can understand the fine print of your insurance policies and can help you maximize the benefits you are paying for and protect your rights in the event of a denial. Call 303-872-5980 for a free consultation.
Understanding Short- And Long-Term Disability Insurance
Short-term and long-term disability insurance policies have very specific points that trigger coverage. To maintain coverage an injured or disabled individual must follow the procedures exactly. This dance in benefit coverage occurs during what is often the most challenging period in a client’s life and health. Our attorneys can help you or your loved one overcome the maze of deadlines and paperwork so that you can focus on recovery and not how your care or monthly expenses are being paid.
If your private benefits are from policies and plans you participated in through a former employer, you may have rights to privately pay for a continuation of the same benefits for a period of time under the COBRA provisions. However, there are strict deadlines for opting into these elections. Our attorneys can help you to understand the options and do a cost analysis of electing to continue coverage.
What Is Long-Term Care Insurance?
Long-Term Care (LTC) Insurance is a new type of private health insurance that is designed to cover long-term care costs. Services covered by such policies include skilled, intermediate, or custodial care received in a nursing facility, the home, or assisted living facilities.
LTC insurance can range from providing simple assistance with activities of daily living (such as bathing, eating, hygiene, household chores, etc.), to full time skilled care or even respite care for a family member or friend who is a caregiver. The type of coverage you get depends on your individual needs and the amount of premiums you are willing to pay.
There are now plans where spouses can share the coverage, depending on who needs the care first, or most. A couple can buy a plan that covers six years of long-term care for either spouse. Therefore, one spouse can use three or four years first, and the other can use the remaining years later.
Contact A Colorado Disability Attorney
Free consultation: We offer a free initial consultation with one of our experienced elder law attorneys. Contact Chayet & Danzo, LLC, through this website or call 303-872-5980 to set up an appointment. While we are located in Denver, we are willing to travel to meet you. We offer a free initial consultation.