QUESTIONS TO ASK YOUR INSURANCE AGENT

--Is the coverage comprehensive, meaning it includes all levels of care: in the home, assisted living, board & care, and nursing/dementia facilities?

--What is the daily benefit?

--Is there 5% annually compounded inflation protection?

--What is the elimination period?

--Is it a lifetime benefit period or a limited time benefit policy?

--Is there a spousal discount?

--Can you hire caregivers privately as well as from an agency?

--Is the home care benefit based on a daily, weekly or monthly maximum, and if the benefit is not used, can it be used in the future?

--Does it cover home care coordination of services?

--How many ADL’s (Activities of Daily Living) does it take to trigger a claim?

--Is there a time limit for filing a claim?

--Does it cover the cost of Adult Day Care & Adult Day Health Care, hospice and respite programs?

--Is it a tax-qualified plan?

--Is the company highly rated and have they ever raised premiums?

--Can you see the company’s published annual audit to check their track record for paying claims?

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