What’s the difference between Long-Term Disability Insurance and Long-Term Care Insurance?
April 12, 2010 by
Filed under long term care insurance
What’s the difference between Long-Term Disability Insurance and Long-Term Care Insurance?
http://megawatisoekarnoputri.cn/health-insurance.html
http://megawatisoekarnoputri.cn/health-insurance.html
http://megawatisoekarnoputri.cn/health-insurance.html
Long term disability looks at your ability to do your job and then sends you a check on a monthly basis.
Long term care looks at your ability to do ‘activities of daily living’ (eating, dressing, toileting, bathing, transferring from bed to chair, and maintaining continence). An LTC policy could mail you a monthly check, but normally just reimburses for long term care expenses.
LTD is set up to pay part of your income, during your working years, if you become unable to work. LTC is nursing home care – to pay for a nursing home, or assisted living, if you can’t live by yourself.