Qualifying for long term care insurance.
Am I insurable?
The younger you are when applying for long term care insurance, the higher your chance of qualifying for coverage; this is because, in large part, health tends to decline with age and qualifying for LTCI is health and age dependent.
Taking the age factor out, there are health issues that are completely uninsurable while others can leave you temporarily uninsurable depending on the carrier.
List of conditions that will make you uninsurable for LTCI.
- AIDs or HIV infection
- Alzheimer’s Disease
- Amyotrophic Lateral Sclerosis (ALS)
- Cystic Fibrosis
- Hemophilia (with the exception of Von Willebrand disease)
- Active Hepatitis C, Non-A, Non-B, or Autoimmune
- Kidney Failure
- Liver Cirrhosis
- Memory Loss
- Mid – Advanced Multiple Sclerosis
- Muscular Dystrophy
- Parkinson’s Disease
- Post-Polio Syndrome
- Sickle Cell Anemia
- Systemic Lupus Erythematosus
List of conditions that will make you temporarily uninsurable.
Health conditions might arise leaving you temporarily uninsurable until the condition has been resolved for a period of time. These conditions include (note that this is not an exhaustive list and varies by carrier):
- Currently in physical therapy
- Requiring surgery that has been recommended but has not been done
- Elevated PSA
- Above or below the build chart requirements (height and weight)
- Any unresolved issue where tests are either inconclusive or have not been done
- Elevated hypertension
- Elevated AIC (Diabetes)
- Recent (6 months to one year) episode of dizziness, asthma attack, or seizure
For each of these symptoms, you will need to have resolved them, and for some a specific period of time must elapse following resolution. For instance, sciatica requires 12 months from resolution before a person having suffered the condition would be considered for long term care insurance coverage.
Who can help me secure LTCI coverage?
If you have one of the “temporarily uninsurable” conditions, or another health condition that is not listed above, you should contact an agent that specializes in LTCI.