Forums > General > Living, Working, Retiring

tessflores

Jan 28, 2010, 9:38 PM

Post #1 of 6 (3678 views)

Shortcut

Can anyone please explain me this?

| Private Reply

I am planning to go for Long Term Care Insurance before purchasing policy I was reading few articles on it. But I am not able to understand the term “Elimination Period”. Could anyone please explain what is Elimination Period?

joaquinx

Jan 29, 2010, 5:56 AM

Post #2 of 6 (3621 views)

Shortcut

Re: [tessflores] Can anyone please explain me this?

| Private Reply

http://www.investopedia.com/...liminationperiod.asp

I'll bet that you didn't google this!
_______
My desire to be well-informed is currently at odds with my desire to remain sane.

(This post was edited by Rolly on Jan 29, 2010, 8:35 AM)

katie

Jan 31, 2010, 9:27 PM

Post #3 of 6 (3455 views)

Shortcut

Re: [tessflores] Can anyone please explain me this?

| Private Reply

The elimination period is the time a person has to pay out-of-pocket for services before the long term care insurance takes over. Most will offer 90 day elimination or you could pay a higher premium for a zero day elimination period. The definition of elimination period varies with the long term care insurance companies. Some policies can require elimination to be met in a certain calendar period while others may require elimination to be consecutive days of care. Read and understand the elimination period in the contract.

Long Term Care Insurance
http://www.long-term-care-insurance-planners.com/

NEOhio1

Feb 1, 2010, 11:40 AM

Post #4 of 6 (3361 views)

Shortcut

Re: [tessflores] Can anyone please explain me this?

| Private Reply

When we considered LTC policies we found that they would not pay in Mexico. Our thoughts were to preserve capital by utilizing a very small policy for each of us to cover in home care here in Mexico - no dice. Just thought I'd mention it.

tessflores

Feb 2, 2010, 11:33 PM

Post #5 of 6 (3241 views)

Shortcut

Re: [tessflores] Can anyone please explain me this?

| Private Reply

Thanks to all for replying to my post.

tonyburton / Moderator

Feb 5, 2010, 7:50 AM

Post #6 of 6 (3124 views)

Shortcut

Re: [NEOhio1] Can anyone please explain me this?

| Private Reply

As NEOhio1 has pointed out, long term care policies do not appear to cover people living in Mexico. As a result, this thread is now being locked, and any other threads about long term care will be deleted.
If you have queries about long term care, please take them to a different forum.
If you have information about a long term care policy that DOES apply in Mexico, feel free to start a new thread.
Thanks, Tony