Short Term Care Insurance
Short term care insurance is general designed to pay for care from one week up to 6 months, some may go much longer. Some have prior hospital stay requirements, others don’t. Some just cover home care, while others will pay in LTC facilities.
STC plans cover many health conditions that LTCi will not. In addition, these plans will cover individuals up to age 89.
Since these plans are designed to pay for shorter periods and little underwriting they tend to be less expensive than traditional LTC plans. But, they are not intended to be substituted for younger, healthier individuals.
It is important to consult with a long term care specialist to see if these are appropriate for you.
STC plans cover many health conditions that LTCi will not. In addition, these plans will cover individuals up to age 89.
Since these plans are designed to pay for shorter periods and little underwriting they tend to be less expensive than traditional LTC plans. But, they are not intended to be substituted for younger, healthier individuals.
It is important to consult with a long term care specialist to see if these are appropriate for you.