My parents have been making payments on long-term care policies for 20 years. I'm skeptical of the policies. Does anyone have experience using them? Was it hard to get the insurance company to pay out? Were there lots of exclusions? Was the coverage adequate? Thanks in advance.
Their Primary Doctor was my first resource and he had a Home Health Care Agency come out to do an evaluation. I believe that with so much fraud, Insurance companies need to take precautions against false claims But at the same time, If a Policy Holder truly meets certain requirements , They will pay the benefit.
I mentioned keeping my parents in their own home. I also learned that with the LTC Benefit, We had a better selection of Facilities should we need to go that route.
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