Oregon Long Term Care Insurance

Oregon Long Term Care Insurance

Oregon long term care insurance is long term care that is designed to protect your family from the catastrophic costs of long term care. Long term care insurance is a relatively new type of insurance coverage, so people are not very familiar with it. The purpose is to help your family remain in control of your assets and above all, maintain your own independence and dignity by providing a preset daily coverage to ease health expenses.

What Is This Oregon Long Term Care Insurance ?

Oregon Long term care added to a health plan will cover care in the home, an assisted living facility or a nursing home facility when a person has become "chronically ill". Chronically ill is defined as loosing two out of the six daily living tasks - including transferring, bathing, toileting, dressing, eating and continence and also includes mentally debilitating diseases such as Alzheimer's. No one really likes to look at these facts, but you cannot postpone preparing for long term care insurance because it could cost approximately $55,000 + a year at the present rates for care.

Oregon long term care insurance does contain pre existing clauses just like other types of insurance. Depending on the company, this means that you are not eligible for coverage if you have been previously diagnosed. So, if you are 50 to 60 years old, and a resident of Oregon, it is time for you to get information on Oregon long term care insurance. Check the Internet and then contact your agent for the individual details of your policy. Don't make the mistake that many people do and assume that Medicare covers long term care. It does not. Medicare covers 100 days of "specialized care" - care where the patient is intended to make steady improvement. Long term care is defined as care available where no recovery of function is expected, and the patient has been determined to need indefinite health care. The greatest threat facing older people and their families today may be the financial, social, psychological and familial consequences of needing long term care.

Oregon Long Term Care Information You Need

Here are some items to consider when gathering information on Oregon long term care insurance:

What is the waiting period? What is the elimination period provided in the policy?
Is there a maximum limit to the amount of coverage per day?
Is there a maximum benefit period applied on the policy?
Do they offer benefits like an inflation rider to help compensate for different costs down the road?
And, look for care coordination. Will you have staffing that is provided?

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