Long-term care insurance (LTCI) is a privately owned insurance policy that pays for the cost of live-in custodial care. An individual will pay monthly premiums until there is a need for assistance with activities of daily living (ADLs). Typically an LTCI policy requires assistance with three or more ADLs for the beneficiary to qualify to receive payments for live-in elder care services.
Make life easier by reviewing the list below. Addressing these items early will reduce much stress and disappointment when submitting a claim with your long term care insurance company.
In running a home health care agency specializing in live-in care for the elderly, we have found that finding qualified caregivers is the most critical factor in an agency's success. A criminal background check, face-to-face interview, a high score on a pre-assignment competency test, TB screening, relevant experience, and two references still may not guarantee that the caregiver is uniquely qualified to assist elderly clients with the activities of daily living. Although caregivers may meet every criteria required by the state, there are certain intangibles that make a caregiver excellent, rather than merely good.