Long-Term Care Insurance
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Don’t Make Costly Mistakes
Millions of financially responsible Americans have purchased a long-term care insurance policy at some point in their lives, and many have faithfully paid premiums on it for decades. Policyholders assume that when the time comes to finally activate the policy, their needs will be met. But filing a claim is far from straightforward. It’s very easy to make mistakes during the claims process that can delay payments – and ultimately your loved one’s access to needed care.
If you’re attempting to file a claim on your own, it’s important to understand the risks involved. It’s also important to know that the insurance company will not have your best interests in mind. Their adjusters are specifically trained to scrutinize every claim filed for opportunities to delay or deny benefits. They’re notorious for using various delay tactics, since it’s in their best interest to drag the claims process out as long as possible.
Navigating Claims Takes Time
When it comes to filing claims, families often leave thousands of dollars on the table by not realizing that they may be eligible for:
Satisfying the elimination period → Average Value: $10,000-$20,000
Reimbursement for previous care → Average Value: $1,000-$30,000
Refund of paid premiums → Average Value: $1,000-$3,000
Policy claims are denied for two primary reasons:
Failure to meet the policy’s terms and requirements
Failure to submit proper documentation
There are endless ways that either of these reasons could apply to any policy.
If you’re preparing to file a claim or if you want an expert to evaluate whether you may qualify for additional funds from your long-term care insurance carrier, get a free policy review at https://familysolutionsforcare.com/
Learn the most common mistakes that families make during the claims process
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