In this video, Stewart Scothorn answers the top 10 frequently asked questions about short-term care insurance. Whether you’re curious about the basics or looking to understand how short-term care can fit into your overall financial strategy, this video has got you covered.
Key topics include:
- What is Short-Term Care? Understanding the difference between short-term and long-term care.
- Who Benefits from Short-Term Care? Identifying the scenarios where short-term care is most useful.
- How Does Short-Term Care Coverage Work? Explaining the daily benefit amounts and elimination periods.
- Coordination with Health Insurance: Clarifying how short-term care policies interact with existing health insurance.
- Premium Costs and Options: Discussing the factors that influence the cost of short-term care insurance.
- Medical Underwriting: Insights on the approval process for short-term care insurance.
- Why Plan Ahead? Emphasizing the importance of planning for potential care needs to protect your savings and ensure quality care.
We also cover:
- The daily living activities that determine eligibility for short-term care benefits.
- The significant costs associated with skilled nursing and home care.
- The flexibility of short-term care policies in various situations, including non-Medicare age individuals.