Long-term care insurance will help pay for care when you’re too frail to care for yourself.
The Internal Revenue Service (IRS) says qualified long-term care benefits begin when you are unable to perform 2 of the 6 Activities of Daily Living (ADL) OR become cognitively impaired.
Think of ADLs (Activities of Daily Living) as the first six things you do in the morning:
Your doctor will determine if you’re unable to perform the Activities of Daily Living. The insurance company may review your doctor’s records.
Long-term care insurance benefits are paid by one of two ways…
Copyright 2023, LTC-Options. All rights reserved.