Disability insurance policies are short or long-term, covering care you require for injuries, recovery from surgery, and chronic conditions. While short-term disability coverage applies for a limited time, you can get more coverage through long-term care insurance in Arizona based on your illness.
How Long Will the Condition Last?
The best Long-term care insurance in Arizona covers chronic, long-term, or terminal conditions. Conditions that last beyond six months can qualify for coverage. The policies pay for medical expenses in your home or a nursing home, and many policyholders use their coverage until they qualify for Social Security disability benefits. Long-term coverage is available for up to ten years if the policyholder is under 65.
Why Do You Need These Policies?
Many people have healthcare savings accounts; however, a long-term condition or disability could prove costly. Instead of depleting savings, you could use long-term disability coverage to pay your expenses for many years. The monetary benefits could enable you to save more and avoid financial hardships.
Bridging the Gap
If your parent is diagnosed with a condition such as dementia, they will need in-home or nursing home care. A long-term care policy can provide payments for these services for several years. If your parent must go into a nursing home full-time, the insurance can cover these expenses until they qualify for Social Security disability benefits and Medicaid insurance coverage.
Long-term conditions and disabilities generate high costs that are unaffordable. Buying a long-term care policy offers coverage for up to 10 years.
