NJ LTC Nursing Home Insurance

New Jersey Long Term Care Insurance (Nursing Home Insurance)

There are six primary factors influencing the premium for long term
care insurance policies:

Type of Policy: Facility, Home Health Care, or Comprehensive

Age: The most important element in determining the premium.
Naturally the earlier you start paying for long term care insurance
the better.

Daily Benefit: The maximum amount a policy will pay for one day of
care. This can vary from $50 per day to over $400 per day. You will
decide whether to purchase sufficient insurance to cover all of these
costs or only most of them.

Benefit Limit: The number of years that a plan will pay a benefit
from the time you get sick. Benefit limits generally vary from one
year to lifetime coverage. The longer the benefit limit, the greater
the protection but the higher the cost.

Inflation Protection: Sometimes called an "inflation rider", this
provides you with a way for your daily benefits to increase over
time. Otherwise, the policy may not be sufficient to protect you
many years from now. Long term care insurance policies normally
contain riders offering automatic daily benefit increases of 5
percent each year, either at "simple" or "compounded" rates.

Elimination Period: Amount of time that you agree to pay out of
your own pocket before the plan (policy) begins to pay. This period
normally varies from 0 to 100 days. The 100-day elimination period
will produce the smallest premium cost to you.

Long Term Care Insurance (Nursing Care)

There are three levels of nursing care that are covered
by a long term care insurance policy:

Custodial care: Care necessary due to a permanent or chronic
illness or injury, which is less intensive, but which may continue
indefinitely. This nursing care helps a person perform activities of
daily living or supervises a person if cognitive impairment exists.
Many custodial care situations start with a mild degree of illness
which is followed by slow deterioration. Alzheimer's disease is one
example where custodial care is usually needed. Other types of
insurance policies do not offer custodial care benefits. The value of
long term care insurance for you or a family member and protecting
a lifetime of created assets is never more evident than in custodial
care nursing services.

Skilled care: Short term nursing care needed after an illness or
serious injury. Consists of rehabilitative and intensive 24 hours per
day care.

Intermediate care: Rehabilitative care by a nurse for up to six
months and when less than 24-hours per day supervision is
needed.

Skilled care: Short term nursing care needed after an illness or
serious injury. Consists of rehabilitative and intensive 24 hours
per day care.

A long term care insurance specialist with New Penn Insurance
Associates will assist you in deciding which type of policy will
work best for your needs.

More Information on New Jersey Long Term Care Insurance

Long Term Care Insurance Features

Long Term Care Insurance Facts & Costs

Click on the link below to fill out a quote request form for a New Jersey
long term care insurance policy that provides excellent health insurance
coverage and services at an affordable cost. Or speak with one of our
Personal Insurance Agent specialists at 609-466-5300 to discuss the
features.

Click HERE to fill out a

New Jersey Long Term Care

Insurance policy quote request form

**The information, pictures, and other content in this website about particular
insurance services is only provided for informational purposes. Any decisions
regarding your insurance needs should be discussed with a licensed
insurance agent.

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