Options Exist For Those Who Can’t Qualify For Long Term Care Insurance

National Advisory Center for Short Term Care director expert Jesse

National Advisory Center for Short Term Care Information director expert Jesse Slome

July 14, 2015, Los Angeles, CA –   The percentage of individuals who apply for long term care insurance and are declined can range from about 10 percent to as high as 44 percent reports the American Association for Long Term Care Insurance.

“People mistakenly believe they can’t be declined for long term care insurance but that’s simply not the case,” explains Jesse Slome, director of the American Association for Long Term Care Insurance (AALTCI).  The Association just released copies of its 2015/2016 Long Term Care Sourcebook that reports on the percentage of 2014 applicants who were declined.

“It’s distressing because people face a very real risk of needing care at some point,” shares Slome.  “The good news is that there are options available in the form of what’s often referred to as short-term care insurance.”

A short term care insurance policy will generally provide benefits for up to a year.  “For many people that’s more than enough coverage,” Slome acknowledges.  According to the Association, some 49 percent of all long-term care insurance claims last one year or less.

What’s especially attractive about these policies is that some offer what’s called a simplified application.  “Some have just a few Yes-No questions and that makes these very valuable to older individuals who may already have health issues,” Slome adds.

The Association has just created several new consumer guides and pages on it’s website focused on short-term care insurance products.  To learn more, go to www.aaltci.org/short-term-care-insurance.

The American Association for Long-Term Care Insurance and the National Advisory Center for Short Term Care Information were established to create consumer awareness and support insurance professionals.  To receive more information or connect with a licensed professional for short term care insurance cost comparisons call the organization at 818-597-3227 or visit the AALTCI website.


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