Insurance

G. asked:


Hi! I’m a Psychology major and am curious if long-term-care insurance generally covers mental health issues. When I think of LTC insurance, I think of nursing homes or home health care.

By “mental health issues” I mean serious mental health problems that require hospitalization or treatment in a residential facility. It seems like the same basic concept, but I know that insurance carriers can be a little picky about the specifics on health care issues.

I know that for the most part it depends on the policy, but I don’t have LTC insurance so I can’t check my own policy or anything.

Thanks!

chris.whitelaw asked:


My boss is an insurance agent, and asked me to research this question. I thought Yahoo! Answers might be a good place to start eh?

He heard a lot of people grow their commissions revenue by buying/acquiring other’s book of business. He and I are looking mainly for

Health
Life
AD&D
LTD
STD
Dental
LTC

Preferably GROUP cases. Email me if you would, or some links to useful websites would be very much appreciated!

How much does LTC insurance cost?

Brace 4 Impact asked:


Long Term Care insurance protects families from the costs of in-home care givers, assisted living facility costs, and nursing home costs that will often run from $50,000 to over $100,000 per year, and can wipe out most families. Around half of us will need this extended care.

baby s asked:


we are a start-up non medical inhome care agency accepting private pay only. we are encountering a lot of medicare part A and B clients and was wondering how can we accept Medicare payments.

blondie 8591 asked:


Our employer is offering unum ltc insurance at a group rate. For a 47 year old, 4 yr coverage @ 4k, monthly premium is $20.30. When I chose the compounded option, monthly premium jumps to $59.10.
I called they company and they said it is compounded at 5% per year.
My other thought was to go with 8k coverage, no inflation for $44.00 per month.
Is there anyone out there who understands this stuff and would please give me any guidance?
Thank you!