Activities
of Daily Living mean everyday activities.
|
| Bathing: |
|
Your ability to wash yourself. |
| Continence: |
|
Your ability to maintain control
of bowel and bladder function. |
| Dressing: |
|
Your ability to put on and take
off all items of clothing. |
| Eating: |
|
Your ability to feed yourself. |
| Toileting: |
|
Your ability to get to and from
the toilet. |
| Transferring: |
|
Your ability to change positions. |
| Daily Benefit
Amount: |
|
Dollar coverage that is payable
on a daily basis to pay costs incurred for nursing home, home health, adult day care and
other long-term care expenses. |
| Elimination
Period: |
|
This is the number of days at the
start of a claim for which no daily benefits are payable. |
| Benefit Period: |
|
This is the length of time for
which daily benefits are payable. |
| Inflation
Coverage: |
|
Increases the daily benefit each
year, usually 5 percent, to help keep pace with inflation. Usually these increases are
applied on a simple or compounded basis. |
| Tax Qualified: |
|
Long-term care insurance plans
following the guidelines set forth by the Health Insurance Portability and Accountability
Act (HIPAA) of 1996. |
| Nonqualified: |
|
Long-term care insurance plans
that do not meet the standard HIPAA guidelines. |
| Respite Care: |
|
This policy feature pays the
daily benefit amount for those days when a substitute caregiver fills in for a family
member. |
| Caregiver
Training Benefit: |
|
This policy benefit pays a set
amount to assist in the training of an individual (usually a family member) who would
prefer to handle some of the caregiving tasks. |
| Non-Forfeiture
Benefit: |
|
An optional feature that allows
the insured to receive some type of benefit from the coverage if the policy is
surrendered. |
