Long-Term Care Insurance Policies
Long-term care (LTC) is costly. Whether you hire a home health aide or choose to enter an assisted living facility or nursing home, long-term care costs can add up to tens of thousands of dollars every year. Unfortunately, Medicare generally does not cover long-term care (also called custodial care) expenses except under very limited conditions. To help cover the potential costs associated with long-term care, many people have opted to purchase long-term care insurance plans. These policies offer different levels of benefits to help you pay for long-term care should you need it.
Back in the late 1980s and early 1990s, insurance companies began to recognize just how fearful people had become that they would burn through their savings and run out of money trying to cover the costs associated with long-term care. These companies sold billions of dollars in long-term care policies to people who were trying to plan ahead and find a means to pay for the coverage they might need in the future.
Problems arose, however, when the block of long-term care insurance began to mature. Policyholders started seeking benefits and many insurance companies found themselves struggling to pay claims because they had underestimated the costs associated with long-term care. The results have been devastating for many policyholders – insurance companies have been increasingly denying and delaying coverage to people who need long-term care and have faithfully paid their premiums year after year.
Chicago Insurance Lawyer Helping Clients Get Long-Term Care Coverage
The attorneys at Bryant Legal Group PC understand the tremendous challenges policyholders face as they try get the LTC coverage they have paid for. Our lawyers have decades of collective experience battling powerful insurance companies that refuse to provide policyholders with the benefits they are entitled to. The founding partner of our firm, David Bryant, is a seasoned Chicago insurance lawyer who carefully monitors the activities and financial conditions of insurance companies across the nation. He knows far too well how serious financial pressures have led many insurance carriers to wrongfully deny LTC claims. In every case that he handles, his objective is to help his clients find the best path to collect the long-term care benefits they need and deserve.
Coverage under a long-term care policy is generally triggered when a policyholder is unable to perform “activities of daily living” – eating, bathing, walking and other activities that people do as an everyday part of life. When a policyholder submits a claim for long-term care coverage, the insurance carrier will typically hire a physician to review the policyholder’s medical records to determine restrictions on his or her activities of daily living (ADL). Our attorneys know how these evaluations are conducted and will work with you to make sure your health care team provides the medical records and documents needed to clearly demonstrate that your ADL deficiencies meet the eligibility requirements under your LTC policy.
If you or someone you are caring for is struggling with a long-term care claim, our firm is committed to helping you every step of the way. We leverage our knowledge of the insurance sector and the legal system to maximize the value of our clients’ LTC policies. Our industry experience and success in litigating insurance claims sends a powerful message to insurance companies that your case is strong and we will not hesitate file suit to get you the coverage you are entitled to.
Discuss Your Situation with an Experienced Long-term Care Attorney
If you have questions about long-term care insurance policies or are filing a claim for coverage, Bryant Legal Group PC is here to help. Our attorneys will walk you through the claims process to make sure you have the proper documentation to support your claim. If your LTC insurance company has denied your claim, we will develop a game plan to help you get the coverage you have paid for. Contact us today at 312-561-3010 or email us at firstname.lastname@example.org.