Long-Term Care Claim Management
Luxe Homecare works with all Long-Term & Short-Term Care insurance companies., such as MetLife, Bankers Life, CalPERS, John Hancock, etc. As a complimentary service, our Long-Term Care specialist will manage the process of your long-term care claim and will handle all paper work required by your insurance company. Luxe Homecare can save you hours of time you would otherwise be spending on paper work.
What Are the Home Care Services that Long-Term Care Insurance Assures?
Although the mortality rate has decreased due to medical technologies, long-term illnesses have increased because of the extended life span. The term “activities of daily living” is used to describe the daily things people do in order to take care of themselves. This includes bathing, toileting, grooming, dressing, transferring, cooking and feeding. People who have chronic or long-term illnesses often find it difficult performing these activities of daily living and require assistance, an indicator that the person is qualified to use their long-term care insurance benefits.
There are different types of long-term care policies, therefore it is important to ask questions from your insurance agent in order to determine which policy is best for you. For example, a policy may have a waiting period before you can access your funds. You may have a waiting period from 30 to 120 days, or you may be permitted to begin collecting benefits on the day you start receiving assistance.
Often, the waiting period (elimination period) correlates with the benefit period, which is the greatest amount of time that the insurance company will pay benefits. Usually, the company will pay you longer for your care when you have a longer waiting period. Normally, the benefit periods are three to five years and coincide with the lifetime benefit cap, which is the greatest dollar amount that the insurance company pays for stated on the policy; these amounts are associated to the maximum daily benefit over the number of years in the benefit period.