Printer Friendly Version When shopping for a LTC Insurance policy, you will need to compare several policies from different companies. What you choose affects the coverage you'll have and the premium you'll pay. Download and print this useful policy comparison chart to compare and evaluate policies you are considering. Printable version requires Adobe Reader. Here are some of the topics included in the policy comparison chart: Company and Agent Information 1. Is the insurance company financially strong? 2. Are you working with an agent? What Does the Policy Cover? 3. What types of services and care are covered? 4. How much does the policy pay per day? 5. Are benefits adjusted for inflation? 6. How long do benefits last? How Do You Qualify for Benefits? 7. What level of need is required? 8. What is a qualified place? 9. Who is a qualified person to give care? 10. How long is the elimination period or deductible before benefits begin? 11. Does the policy use case management? Other Policy Features 12. Does the policy have a waiver of premium? 13. Does policy have nonforfeiture benefit? 14. If this is a group policy, what conversion options are offered? 15. Is the policy federally tax-qualified? Annual Cost 16. What does the policy cost per year? Other Approaches to LTC Coverage Life Insurance Lump-Sum Options Consumer Protections * Above information from the Iowa Guide to Long-Term Care Insurance.
The Iowa Insurance Division (IID) has general control, supervision and direction over all insurance and securities business transacted in the state, and enforces Iowa's laws and regulations. The IID investigates consumer complaints and prosecutes companies, agents and brokers engaging in unfair trade practices. Consumers with insurance or investment questions or complaints may contact the IID toll free at 877-955-1212 or visit the division on the web at www.iid.state.ia.us.
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