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A number of leading insurers now offer coverage that is often referred to as "Short-Term Care". The American Association for Long-Term Care Insurance established the National Advisory Center to help create heightened awareness of this valuable planning option.


What Is Short-Term Care Insurance

The typical Short-Term Care insurance (STCi) policy provides coverage for 1 year or less. For many people, this is a very appropriate and affordable amount of coverage. It is true that some long-term care claims last for many years,however, almost half (49%) of long-term care insurance claims LAST ONE YEAR OR LESS.

The majority of policies have a 0-day deductible (Elimination Period) and a full year of benefits. Simply, that means the policy pays on the very first day one qualifies for benefits. Most traditional long-term care insurance policies (about 94%) are sold with a 90-Day Deductible that must be met before benefits are paid.

It is important to know that these policies can pay in addition to Medicare -- something a traditional Long-Term Care Insurance policy is prohibited from doing.

Most Short-Term Care applications have 7-to-10 health questions. If you can answer "NO" to all the questions, you are 95% through the health underwriting process. However, there are policies that have ONLY 2 "YES" "NO" QUESTIONS and can be ideal for people with existing health problems.


Who Should Consider A Short-Term Care Policy?

  • You (or a spouse) were DECLINED for traditional LTC Insurance.
  • You want a LESS EXPENSIVE option (than traditional long-term care insurance).
  • You WAITED TOO LONG to buy long-term care insurance (cost is now too high!).
  • You are AGE 80 OR OLDER.
  • You are a SINGLE WOMAN (rates for Short-Term Care policies are NOT GENDER-BASED as they are with traditional long-term care insurance).
  • You have a long term care insurance policy and you want to cover the Elimination Period.

The typical person buying short-term care insurance is between the ages of 65 and 74 and has a net worth of less than $500,000.


How Much Does Short-Term Care Insurance Cost?

  • Typical premium at age 65 -- $105 monthly .
  • Typical premium at age 70 -- $141 monthly option.

How To Get A Short-Term Care Insurance Cost Comparison

Call the American Association for Long-Term Care Insurance at 818-597-3227.

Or, if you prefer, click This link to request information. There is no-obligation or cost.


A Few Short-Term Care Facts?

  • Minimum Applicant Age: 40 or 50.
  • Maximum Applicant Age 85 - 89.
  • Typical Benefit Amount $100, $150 or $200 per-day.
  • Can a policy pay for Home Care? YES! .
  • Can a policy pay for Assisted Living? YES! .
  • Can a policy pay for Nursing Home Care? YES! .