Elimination Period (LTC)
The days of qualifying care (commonly 0, 30, 90, or 180) the insured self-pays before the LTC daily benefit begins, satisfied by actual receipt of care.
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Practice This Concept
In a long-term care policy, the elimination period is best described as which of the following?
A waiting period during which the insured pays for care before benefits begin — The elimination period is a time-based deductible unique to disability and long-term care products: benefits begin only after the insured has personally paid for covered care for the specified number of days. It is not a policy-issue delay, a premium due date, or an appeal window. AH-II.1 lists the elimination period among the core A&H terms candidates must know.
National insurance concept
Choosing a longer elimination period on a long-term care policy generally has which effect on the premium?
It lowers the premium — A longer elimination period shifts more of the initial care costs to the insured, so the insurer's expected payout drops and the premium is correspondingly lower. This trade-off lets clients control cost, much like raising a deductible in medical insurance. AH-II.1 anchors the elimination-period concept, and its premium effect is a standard A&H exam relationship.
National insurance concept
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