Compare the policy’s benefit triggers: covered assistance with activities of daily living and cognitive impairment must meet the contract’s requirements. Check whether home care, assisted living and nursing-facility care are covered, and whether provider licensing or caregiver restrictions apply. Long-term care insurance is not the same as short-term disability income coverage.
Review the elimination period, daily or monthly benefit limit, total benefit pool, inflation protection and how premiums can change. Ask whether the contract reimburses actual expenses or pays a stated benefit once conditions are met. Compare exclusions, underwriting and any nonforfeiture or lapse-protection options.
Confirm whether employees can keep coverage after leaving the company and who handles future billing. Coverage does not guarantee preservation of assets or payment for every care arrangement; the policy and individual circumstances control.
Coordinate voluntary worksite benefits with your group health insurance options.