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FAQs About Coronavirus and Long-Term Care Insurance

May 28, 2020

From the U.S. News & World Report website

The coronavirus pandemic has focused a lot of attention on nursing homes and long-term care. Some nursing homes have been hot spots for outbreaks, and all long-term care facilities have had to increase protections for their residents, who are at the greatest risk from the pandemic. Meanwhile, some home-care providers are charging extra to work during this challenging time.

The situation highlights the importance of having a plan to pay for potential long-term care expenses, which can give you more options if you end up needing care yourself. But it’s also made it more difficult to qualify for long-term care insurance, especially as you get older or have had a positive COVID-19 test. And if your aging parents already have a long-term care policy and are receiving care now, you may be wondering if any changes to their care from the pandemic will affect their insurance payouts.

Here are answers to frequently asked questions about long-term care insurance and the coronavirus:

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