What Does Disability & Long Term Care Insurance Cover?

Disability and long-term care insurance policies combine two types of coverage to provide more comprehensive protection for individuals who are unable to work. These policies can help prevent financial difficulties after a covered event and may also provide coverage for home modifications in Chester, NJ.

Disability Insurance

Disability insurance covers lost wages if you are unable to work due to a covered event. Covered events often include illnesses or injuries expected to last longer than a few days, such as a cancer diagnosis or a broken bone. The policy provides a percentage of your monthly income until you can return to work. It’s important to speak with an agent at The Insurance Outfit to understand the specific injuries and illnesses covered under your policy.

Long-Term Care Insurance

Long-term care insurance helps cover the cost of care services, such as nursing home facilities or in-home nursing care. It may also provide coverage for assistance with daily living activities, including bathing or grocery shopping. Many policies include coverage for home modifications for individuals with long-term disabilities, such as installing a walk-in shower or wheelchair ramp.

Combining Policies

Disability and long-term care coverage are often combined into one policy to address both needs. Disability insurance covers lost earnings, while long-term care insurance helps cover other expenses. However, you may not qualify for both benefits simultaneously. For example, you might meet the requirements for disability coverage but not for long-term care coverage.

It’s essential to work with an agent at The Insurance Outfit to understand how these policies function and ensure you have the right coverage. Contact us today to learn more. We proudly serve the Chester, NJ, area.