Share
Explore BrainMass

common reasons for declining to purchase of Long Term Care Insurance.

Identify and discuss three common reasons for declining to purchase of Long Term Care Insurance. Be sure to include a discussion of the basics of long-term care insurance.

2. Discuss the significance of the Community Living Assistance Services and Support (CLASS) Act. How do you think health care reform will affect the current system of Long Term Care?

Solution Preview

Long term care insurance is coverage that pays for the costs of caring for an individual, when he or she is unable to and requires ongoing care. Expenses for care in a long term care facility or for care in the home may be covered, under such a policy. Coverage may also pay for expenses related to adult day care facilities and home nursing care. Policies can designate a limit on paid expenses on a daily or monthly basis. They can have a lifetime limit or can be unlimited, in terms of the time frame the policy is in effect (National Clearinghouse on Long Term Care Information).

There are many reasons for declining this type of coverage. For those who have extensive ...

Solution Summary

This solution thoroughly examines common reasons for declining to purchase of Long Term Care Insurance. Research is cited to validate the findings.

$2.19