LONG TERM CARE 17
California Department of Insurance
Protecting California Consumers
Toll Free 800-927-HELP
Before Buying Individual Long-Term Care Insurance,
What Questions Should I Ask.
Has this company increased premiums
on policies it has sold to other consumers in California or
in other states.
How long has this company been selling long-term
care insurance.
What Nursing Homes, RCFEs and Home Care providers
are near my home and covered by the policy.
What are my choices for: Daily Maximum, Lifetime
Maximum, Elimination Period and Inflation Protection.
If the policy requires an Elimination
Period, do I have to meet it only once, or more than once
during my lifetime.
May I hire anyone I choose to provide
personal care and Homemaker Services under this policy. If
not, what are the qualifications that care providers must
meet.
If the policy waives the premium.
1) How is it waived.
2) Does the waiver apply to all the benefits
or only to nursing home care.
3) What happens to any premiums I have
already paid.
4) How Do I Choose a Qualified Long-Term
Care Insurance Agent.
Here are some important things to determine about your
prospective agent.
A qualified long-term care insurance agent should be able
to help you sort through the clutter of company and benefit
choices. Much of the decision making process revolves around
your age, health conditions and financial suitability.
In order to assist the agent in finding the best long-term
care insurance policy for your needs, you need to find an
agent you can trust and have a candid conversation with him/her
regarding all of these matters.
How do you choose a qualified long-term care insurance agent.
Make sure the agent is certified to sell long-term care insurance.
This means that he/she has taken two 8-hour certification
courses within the last 24 months. If the agent has been licensed
for less than five years, he or she will have taken an 8-hour
certification course every 12 months. Agents selling the California
Partnership policies will have taken an additional 8 hours
of training that allows them to be a full-service long-term
care insurance agent in California. Work with an agent who
represents several companies. One size does not fit all. If
an agent works with only one particular insurance company
he or she may not be able to provide you with the best plan
for your unique needs
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