Secure your future with long-term care insurance.

Long-term care does not necessarily mean a nursing home. You can receive long-term care in a variety of settings, including:

• Adult day programs provide daytime care and activities for adults in a community or group setting.
• Assisted living facilities offer residential arrangements with personalized care and health services, including help with Activities of Daily Living (ADLs) such as bathing and dressing.
• Hospice care focuses on pain relief and symptom management for individuals with terminal illness and related conditions.
• Nursing homes deliver licensed, around-the-clock care, including room and board, nursing services, and personal assistance.
• In-home care includes services and supplies provided without leaving home, such as home health care, hospice care, respite care, and companion care.
• Custodial care provides assistance with ADLs from individuals without professional medical training.
• Skilled nursing care involves daily nursing and rehabilitative services performed by or under the supervision of licensed medical personnel.

The cost varies based on the coverage type and amount you choose. Your premium is also determined by your age, gender, length of coverage, current health, the elimination period (time before your policy begins to pay benefits), and the maximum dollar amount reimbursed for covered expenses.

“Chronically ill” means you have been certified by a licensed health care practitioner within the preceding 12 months as being functionally incapacitated for a period expected to last at least 90 days.

Yes. If your policy has an elimination period, your Medicare-covered expenses could satisfy that requirement. Your policy’s benefit-eligibility requirements must still be met before expenses will be paid.

Contact Bankers Life customer service before care begins. They will verify whether the agency meets policy requirements and can provide names of eligible agencies in your area.

Many policies pay benefits for “homemaker services.” You must meet eligibility requirements for benefits to be paid. Check your policy or contact customer service for details.

Under most circumstances, it does not. These policies typically require services from a home health care agency or similar entity.

An independent caregiver must meet policy requirements to be considered eligible. Home health care services provided by an independent caregiver may qualify if the individual is included in a government-sponsored Nurse Aide Registry.

Most policies have an elimination period or a deductible, meaning benefits aren’t paid until you’ve met one of these requirements—either a certain number of days have passed or the deductible amount has been satisfied. The exact number of days or deductible amount varies by policy.

Each policy defines the timeframe for submitting claims. State insurance regulations may override policy provisions.

Timeframes vary by state. To process quickly, Bankers Life must gather specific information from your care provider. Supplying all requested documents promptly helps prevent delays.

Most policies are “expense incurred,” meaning care must begin before a claim can be filed.

Yes, but Bankers Life requires documentation, such as:

• A signed third-party authorization form (allows disclosure of information).
• A copy of a health care or durable power of attorney (defines authority granted).