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To take long term care insurance how longdo you have to wait bef ore it goes i n toaffect?
Wiki User
∙ 10y ago
It depends on the waiting or elimination period that you choose. Normally, insurance providers offer a 90 day elimination period which has 2 categories: the day of service and the calendar days.
The days of service refers to the actual days of long term care services you receive, supposed you received caregiving or other ltc services for 45 days only, even though 90 days have passed, only 45 days are counted from your elimination period. Depending on the type of policy, you can include skilled care from medicare since it covers 100 days, to be deducted from the 90 days period.
The calendar days on the other hand, refers to the actual number of days that have passed, regardless if you receive long term care services or not. This is more expensive though.
There is also the zero days elimination period, but this feature may increase your long term care insurance premiums cost up to 40%.
Wiki User
∙ 10y ago
Typically, long-term care insurance policies have a waiting period known as the "elimination period," during which you must pay for care out of pocket before the insurance coverage kicks in. The length of this period varies by policy but can range from 30 to 180 days. It's important to review your policy details to understand the specifics of your waiting period.
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