Long-Term Care Insurance:Health Status
Long-term care insurance is a health-qualifying type of insurance and
you must be in reasonably good health in order to obtain coverage.
If your health is not good enough
to qualify,
no amount of premium you are willing to pay will change the fact that
you are inelgible. If you decide to apply
for coverage, you
will go through a process called underwriting-
the process of examining and then accepting or rejecting insurance
risks, and then classifying those accepted in order to charge the
proper amount of premium. The process consists
of answering questions
about
your health, and may also include a physical exam and/or request for
medical information from your doctor.
Disqualifying Health
Conditions
The following is a list of the most common types of conditions that
will automatically disqualify you from obtaining long-term care
insurance. Even if you answer NO
to all of these conditions, it does not mean that you will
automatically qualify for coverage. There may be other
conditions, or combinations of conditions, that cause an application to
be declined. You will not qualify if presently,
or during the 12 month period preceding the
application for coverage, you needed any of the following: •
Assistance with any Activities of
Daily Living (for example: eating, bathing, dressing, toileting)
• Home Health Care Services • Care in a
Nursing Home or
Assisted Living Community • A walker, wheelchair,
medical
appliance, kidney dialysis machine,or a manufactured source of oxygen
• Treatment for any of the
following conditions:
- AIDS
-
Alzheimer's Disease
- Acute and
Unspecified Renal Failure
- Acute Cerebral
Vascular Disease
- Congestive Heart Failure
- Cirrhosis of the Liver
-
Chronic Memory Loss
- Chronic Renal
Failure
- Diabetes Mellitus with
Complications
- Mental Retardation
- Multiple Strokes
-
Multiple Sclerosis, Other Bone Disease,
and Musculoskelatal Disease
- Muscular
Dystrophy
- Paralysis
-
Parkinson's Disease
- Schizophrenia
and Related Disorders
- Senility and
Organic Mental Disorders
- Severe
Emphysema
- Transient Ischemic Attack
Return
from Health Status to Suitability of
Long-Term Care Insurance
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