What Long Term Care Insurance Does Not Cover

Long-term care insurance is a helpful tool to have in your arsenal when preparing for your future, but it’s important to know what it doesn’t cover. Not only will this help you understand your policy better, but it will also help you avoid any unpleasant surprises down the road. Here are some of the most common things that long-term care insurance does not cover.


Pre-existing Conditions

If you have a pre-existing condition when you purchase your long-term care insurance policy, likely, your situation will not be covered. Insurance companies typically exclude pre-existing conditions from coverage to avoid paying for care that you may have needed anyway.


Some of these conditions include Alzheimer’s disease, dementia, Parkinson’s disease, and cancer. If you have any of these conditions or are at risk of developing them, it’s important to purchase your policy early on.


Caretaking Services

Long-term care insurance also typically does not cover any caretaking services that you may need. This includes things like housekeeping, cooking, and laundry. While these services may be necessary for your daily life, they are not considered options for long-term care insurance in Boca Raton.


If you’re looking for a policy that will cover caretaking services, you may want to look into a Medicaid waiver program. These programs will help you pay for non-medical services you need to live independently.


Experimental Treatments

Another thing that a long-term care insurance company in Boca Raton will not cover is any experimental treatments you may need. This includes both new and unproven treatments. While these treatments may be promising, they are too risky for insurance companies to cover.


If you’re considering an experimental treatment, you will likely have to pay for it out of pocket. However, some clinical trials offer free or reduced-cost treatments. You can get Medicare insurance help in Boca Raton to see if there are any clinical trials that you may be eligible for.


Intentionally Self-Inflicted Injuries

If you try to commit suicide or otherwise injure yourself on purpose, your long-term care insurance policy will not cover the resulting medical bills. This is because insurance companies do not consider these as options for long-term care insurance in Boca Raton.


While it’s unlikely that you would intentionally injure yourself, it’s important to be aware of this exclusion. If you have any thoughts of harming yourself, it’s important to seek help from a mental health professional and Medicare insurance help in Boca Raton.


Alcoholism and Drug Addiction

If you suffer from alcoholism or drug addiction, your long-term care insurance policy will likely not cover any of the treatment you need. However, some policies will cover alcohol and drug detoxification. If you’re considering this type of policy, read the fine print carefully. Some policies only cover detoxification, while others may also cover rehabilitation.


As you can see, there are a few things that a long-term care insurance company in Boca Raton does not cover. However, this doesn’t mean that the policy isn’t worth it. Long-term care insurance can still help you pay for the care you need, even if it doesn’t cover everything. All Vest Associates is a center long-term care planning that will help you understand your policy and make the best decision for your needs. Give us a call today to learn more.