PR: Deciding about long term care insurance
Posted on June 23, 2010No form of insurance is more controversial – and confusing – than long term care insurance. That may be one reason why only 11 percent of adults in this country purchase coverage.
"Long term care insurance: wise or foolish?" is an opportunity to get impartial information about the strengths and weaknesses of coverage. The workshop will deal with basic issues such as how long term care insurance works, how much it cost, the various services it covers and conditions that may be excluded.
The free program will be held Thursday, Aug. 5 at 7 p.m. at the Soundview Building, 3611 S. D St. in Tacoma, WA 98418. It is an information-only program sponsored by the Pierce County Aging and Disability Resource Center and SHIBA – Statewide Health Insurance Benefits Advisors. No vendors will be present to sell insurance. Opportunity for questions from participants will be provided.
Long term care insurance can pay for services in facilities such as nursing homes and adult family homes as well as in a person’s private residence. Coverage can include various therapies, administration of medications and personal services. But coverage may be delayed for several weeks or months after a person is determined to have a qualifying condition. And certain conditions may be excluded from coverage altogether.
“Long term care insurance: wise or foolish?” will provide printed materials to participants including publications from the Washington State Office of the Insurance Commissioner as well as resources to help individuals and families evaluate competing insurance plans.
Participants are asked to RSVP by calling 253-798-8787. The workshop is free and open to all ages.
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