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LTCI provides the peace of mind that comes with knowing that if you or a loved one requires long-term care, you will not have to worry about the extensive costs associated with such care. However, many people do not know what LTCI is and how it can help them. This article seeks to answer basic questions about LTCI: What is it? Who needs it? How do I buy it?
Long-term care insurance (LTCI) provides a way for people who are no longer able to provide their own care due to age or disability
to receive care from others in an institution or at home without having to pay the full cost of this service themselves. In addition to receiving the care they need, people with LTCI may also receive additional income that they could use to buy other things that they may need .
A person who needs care due to aging or disability will have a "care level" assigned by the insurance company. For example, if a patient requires assistance for all daily activities, then the patient falls into a "care level" of 3 and would likely pay less for care than someone with a "care level" of 1 .
Long-term care insurance (LTCI) provides a way for people who are no longer able to provide their own care due to age or disability
to receive care from others in an institution or at home without having to pay the full cost of this service themselves. In addition to receiving the care they need, people with LTCI may also receive additional income that they could use to buy other things that they may need .
A person who needs care due to aging or disability will have a "care level" assigned by the insurance company. For example, if a patient requires assistance for all daily activities, then the patient falls into a "care level" of 3 and would likely pay less for care than someone with a "care level" of 1 .
