What is Long Term Care insurance?
The purpose of Long Term Care insurance is to offset the cost of the care you would need if you had an illness expected to last for a long while, and caused you to need assistance with the day-to-day activities of living a normal life. For example, if due to an illness you were to need help with the activities like dressing, getting in and out of a bed or chair, eating, toileting or bathing, you could access the Long Term Care insurance.
What is the difference between Long Term Care Insurance and Long Term Disability Insurance?
Long Term Care insurance is directed at covering the cost of the care you would need if you were to have a long term illness, and Long Term Disability is for income replacement.
If I have a long term illness when am I eligible to receive benefits?
You are eligible to access your benefits after a 90-day deductible period following a qualifying loss. You would qualify for benefits if you were unable to perform two out of the six activities of daily living or have a severe cognitive impairment such as Alzheimer's.
The 6 Activities of Daily Living are:
Getting in and out of a bed or chair
What do I do if I want to purchase Long Term Care insurance or change the amount of coverage I have?
Contact AETNA either on the web site or by call the toll free number listed above.
Is there a minimum that I may purchase?
Yes, the minimum you may purchase is $50.
Go to the Commonwealth of Virginia AETNA Long Term Care Insurance web site.
AETNA toll free number : 1-877-894-2470