Any time you enter into a contractual agreement the conventional wisdom is to make sure that you “read the fine print.” When it comes to long-term care insurance you should certainly take this advice to heart.
Given the state of nursing home costs long-term care insurance is a very viable option for many people. However, is a good idea to consult with an elder law attorney before you make any final decisions.
With the above in mind a case that was decided by a court in Kentucky recently has been a topic of conversation around the geriatric care community.
An insurance company refused to pay for the long-term care expenses of a woman named Jeanne Crutchfield though she had been paying long-term care insurance premiums for some 17 years before entering a facility.
Ms. Crutchfield was diagnosed with Alzheimer’s disease and she entered a facility that is designed to meet the needs of Alzheimer’s patients. However, the insurance company argued that the facility in question did not meet the acceptability criteria.
After reviewing the contract and the nature of the facility the court had no choice but to find in favor of the insurer and the insured is now going to be forced somehow handle these expenses on her own.
Making assumptions and taking actions without the appropriate legal advice can be risky to say the least. If you develop a working relationship with a good estate planning attorney who also has a comprehensive understanding of elder law issues you will always have access to the answers that you need when the various eventualities of aging present themselves.