LTC-Long term Care-Collecting

Long term care, another tier of insurance supposed to give piece of mind. And now those days when you need to use the policy occur. How on earth are your caregivers going to get you the coverage you need? Collecting amounts from long term care can be a horror show. Each situation will be case by case, but like all insurance, remember insurer goals are not to pay and collect premiums and your goal is to pay as little as possible for premiums and to get coverage. The goals of the parties are oppositional which means that parties (insurer and insured) are actually engaged in an adversarial relationship. Why is that important? Because your best evidence, your best means of getting paid is always having the document readily available--this is your contract.
Once you've made the deal, you can use this document to get what was promised and in some cases what you thought was promised. The first step is to remember that it is likely that when you need to access your long-term insurance, someone else will be handling the process for you.

Appoint someone to have your health care proxy and make sure that you get confirmation from the insurance company that they receive, accept and will honor this health care proxy. The part of the form that authorizes payment to another person is not what you need here, you need to give the legal authority to someone else IN THE EVENT IT IS NECESSARY to handle your paperwork.

When you get together this holiday season, sign some forms, have some fun and make sure you give yourself this piece of mind.