What is the difference between Disability and Long Term Care insurances?

 

Disability usually covers lost salary or wages.

 

Long Term Care means convalescent care (not acute care that is covered by health insurance or Medicare/Medicaid/Medi-Cal).

Insurance addresses the issue of WHO is going to pay the expenses should the condition occur. No insurance means your assets do.

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3 Responses to What is the difference between Disability and Long Term Care insurances?

  1. Larry Frank, Sr. October 28, 2014 at 8:22 pm #

    Long Term Care across the nation
    http://longtermcare.gov/medicare-medicaid-more/state-based-programs/

  2. Larry Frank, Sr. October 28, 2014 at 8:32 pm #

    There are Partnership programs now in most of the States. To learn more search for your state’s Partnership program or contact your state’s Department of Insurance.

    http://www.partnershipforlongtermcare.com/partnershipmaps.html

    Here are examples for California

    California Partnership http://www.dhcs.ca.gov/services/ltc/Pages/CPLTC.aspx http://planningforltc.org/ & http://www.rureadyca.org/

    http://canhr.org/

  3. Larry Frank, Sr. January 6, 2015 at 11:28 am #

    Here’s a brief primer on LTCi considerations with helpful resource links at the end …

    http://moaablogs.org/financial/2015/01/the-long-term-care-insurance-conundrum/

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