Life and Long-Term Care Insurance
Insurance After a Multiple Sclerosis Diagnosis
Long-Term Care Insurance for People Living With MS
Advanced Care Needs can help you ask the right questions." c-nmssatomrichtext_nmssatomrichtext-host=""> Long-term care can refer to a variety of services and care settings, including your home, adult day programs and other community resources, assisted living facilities and skilled nursing facilities.Determine what kind of care setting you need by evaluating your current living situation. Our page Advanced Care Needs can help you ask the right questions.A Shopper’s Guide to Long-Term Care Insurance. We also suggest Life Happens, a nonprofit that educates consumers about long-term care insurance and how it can fit into a sound financial plan.Some employers, however, offer disability, life and long-term care insurance as a benefit to their employees. Some employers do not require medical underwriting the first time these benefits are offered to new employees. For that reason, consider enrolling in any employer-based life, disability or long-term care insurance plan offered by an employer as soon as possible." c-nmssatomrichtext_nmssatomrichtext-host=""> Many types of insurance may be part of your future care plan, including life, disability and long-term care insurance. Applying for these types of sustained insurance policies typically requires a medical exam and answering questions about your past and current health. The process is called “medical underwriting.”Insurers use medical underwriting to determine whether they will insure an applicant and how much to charge. Failure to disclose information about your health on applications for life, disability or long-term care insurance is considered fraud. This can jeopardize future access to insurance for you and your dependents. It is best to answer any questions that are specifically asked, but do not worry about disclosing anything else.We are not aware of any company that offers long-term care coverage on the private market for people already diagnosed with MS. When exploring long-term care insurance, consider the tips in A Shopper’s Guide to Long-Term Care Insurance. We also suggest Life Happens, a nonprofit that educates consumers about long-term care insurance and how it can fit into a sound financial plan.Some employers, however, offer disability, life and long-term care insurance as a benefit to their employees. Some employers do not require medical underwriting the first time these benefits are offered to new employees. For that reason, consider enrolling in any employer-based life, disability or long-term care insurance plan offered by an employer as soon as possible.LongTermCare.gov provides a basic overview of things to consider when preparing for your or your loved one’s future needs.Information about costs can also be found at:If you cannot get affordable long-term care insurance, or if you are wondering about other options for planning for long-term care needs, consider these resources: - Elder law attorneys help individuals consider different ways of managing assets to ensure that long-term care needs will be met. Organizations that can help you find qualified elder law attorneys include the National Academy of Elder Law Attorneys and the National Elder Law Foundation.
- Every state is responsible for regulating insurance products sold to citizens and businesses located in their states. These regulatory authorities are overseen by the State Commissioner of Insurance. Your state department of insurance is often a good resource regarding the availability of health, life, disability or long-term care insurance for people with chronic conditions or disabilities. This office can also help you find an insurance broker or agent who specializes in “impaired risk.” Always make insurance brokers or others aware of your MS diagnosis.
LongTermCare.gov provides a basic overview of things to consider when preparing for your or your loved one’s future needs.Information about costs can also be found at:If you cannot get affordable long-term care insurance, or if you are wondering about other options for planning for long-term care needs, consider these resources:- Elder law attorneys help individuals consider different ways of managing assets to ensure that long-term care needs will be met. Organizations that can help you find qualified elder law attorneys include the National Academy of Elder Law Attorneys and the National Elder Law Foundation.
- Every state is responsible for regulating insurance products sold to citizens and businesses located in their states. These regulatory authorities are overseen by the State Commissioner of Insurance. Your state department of insurance is often a good resource regarding the availability of health, life, disability or long-term care insurance for people with chronic conditions or disabilities. This office can also help you find an insurance broker or agent who specializes in “impaired risk.” Always make insurance brokers or others aware of your MS diagnosis.