How does my health factor into Long-term Care Insurance?

Long-Term Care insurance is based on an individual’s physical and cognitive health at time of application. Each insurance company has different “health standards” which affect eligibility, timing and the price of your insurance policy. A health questionnaire helps a long-term care specialist learn about your unique health history, enabling her to make appropriate policy recommendations. All health information is kept strictly confidential.

A medical diagnosis related to chronic conditions such as Alzheimer’s Disease, Parkinson’s Disease or Multiple Sclerosis, may preclude you from Long-Term Care insurance. Most other conditions such as cancer, heart attack or stroke, are insurable after a period of stability, ranging from 3 month to 2+ years and depends on the severity of the condition and plan of treatment. Sharing your health information with your LTC specialists helps to determine the best product, timing for an application and insurance carrier for you to obtain coverage.

The health questionnaire will be completed in writing at the time of your application for coverage. While not all-inclusive, the following list will give you an idea as to the information you will be asked to provide.

  • Age, Height, Weight
  • Name of your primary care physician; date and reason for last visit
  • Information about current prescription or over-the-counter medications taken routinely including name, dosage and reason prescribed
  • Current and previous consultation/treatment history including, in- or out-patient hospitalization, rehabilitation, physical therapy, pending test results, request for additional testing, referral to a specialist
  • Personal history of cancer, heart attack, stroke, diabetes or arthritis
  • Disclosure of any use of tobacco products

Specific content will depend on the underwriting requirements of your preferred product and insurance provider.

 2017 Becky Wehrli LTC

For more information about Long-Term Care Insurance

Contact Becky Wehrli 503-758-5725 or info@BeckyLTC.com