What is a long-term care insurance policy?

A long-term care insurance policy is a type of coverage designed to help people pay for care and services related to a long-term illness or disability. In Washington, these policies can provide coverage for medical services, home health care, in-home and facility-based care, and other related services. For example, a long-term care insurance policy could cover costs for help with activities of daily living such as bathing, eating, dressing and toileting as well as provide coverage for equipment and supplies. Long-term care insurance policies can be purchased privately, through an employer-sponsored program, or can be purchased with the help of an elder law attorney who can help explain the various options and benefits. Generally, when considering a long-term care insurance policy, it is important to research the cost, coverage, and terms of the policy. Additionally, it is helpful to determine the type of care that is covered, the length of time that the policy will pay benefits, and what services the policy will cover before committing to a policy. In the state of Washington, you can also look into programs like the Combined Long-term Care program, or the Long-Term Care Partnership which is offered through the Health Care Authority. These programs provide additional access to financial and long-term care assistance that may be beneficial for those in need of long-term care services. Overall, long-term care insurance policies can be a great option for many people who are preparing for the future health care needs of themselves or a loved one. It is important to carefully consider all of the options when researching a long-term care insurance policy to make sure that the policy is a good fit for the individual’s needs.

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