What is a long-term care rider?

A long-term care rider is a type of insurance policy option available in North Carolina that provides benefits to cover expenses related to long-term care. It is an insurance supplement that can be added to an existing life insurance policy or other type of health insurance coverage. With a long-term care rider, a policyholder can receive financial assistance for medical and custodial care expenses associated with aging, such as nursing home stays, home health care, assisted living, or adult daycare. The benefits of a long-term care rider can be used for a variety of expenses related to long-term care, such as medical bills, personal care services, transportation to medical appointments, and medication. The amount of coverage and length of time for which benefits are available varies depending on the policy. In addition, many long-term care riders feature a “return of premium” benefit, which allows policyholders to receive all or part of their paid premiums back in the event that they never use their policy. Elder law in North Carolina enables citizens to secure their financial future and peace of mind when it comes to their health care. The addition of a long-term care rider to an existing policy is an effective way to ensure that they have the financial means necessary to cover long-term care expenses and maintain their quality of life.

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What is a long-term care rider?

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