Are You Taking Full Advantage of Your Long-Term Care Policies?

Long-term care policies (LTC) are designed to provide financial assistance for individuals who need ongoing care due to chronic medical conditions, disabilities, or other health concerns. However, many individuals fail to utilize their LTC policies before they run out of time. This can be a costly mistake, as the benefits of an LTC policy can be significant.


One reason why many individuals don’t use their LTC policy is that they aren’t aware of the benefits they are entitled to. According to a study by the American Association for Long-Term Care Insurance (AALTCI), only 20% of LTC policyholders fully understand their benefits. This lack of understanding can lead to individuals not utilizing their policy when they need it most.

 Another reason why individuals fail to use their LTC policy is that they are not aware of the time limitations on their policy. Many LTC policies have a time limit on when the benefits can be used, and if the policyholder does not use the benefits before the time limit expires, they lose the benefits altogether.

 Furthermore, statistics show that many individuals pass away before using their LTC policy benefits. According to the AALTCI, more than 50% of LTC policyholders will die without ever making a claim. This means that they paid for benefits that they never had the chance to use.

It’s important to understand that LTC policies are not just for the elderly. Chronic illness, accidents, and unexpected health issues can happen at any age. And if you’re not prepared for the costs, it can have a significant financial impact on you and your family.


To ensure that you don’t miss out on the benefits of your LTC policy, it’s important to fully understand the benefits of your policy and the time limitations on when those benefits can be used. This means working with your financial advisor or insurance agent to review your policy and understand how it works.

 One option for utilizing your LTC policy is to work with a private care provider such as Evergreen Private Care. We specialize in in-home care services, including private duty nursing, and we accept LTC policies as a form of payment. This means that you can use your LTC policy to pay for the in-home care services you need, such as hourly care and respite care.


Working with a private care provider like Evergreen Private Care allows you to receive the care you need in the comfort of your own home, rather than in a nursing home or other care facility. This can improve your quality of life and promote independence.

It’s important to note that not all private care providers accept LTC policies as a form of payment, so be sure to check with the provider beforehand. By working with a provider that accepts LTC policies, you can ensure that you are able to use your policy to pay for the care you need and make the most of your LTC policy benefits.

It’s important to work with your financial advisor or insurance agent to fully understand your policy and utilize it when you need it most.