YOU ASK:
What is the definition of Nursing Home Insurance?
WE ANSWER:
Nursing Home Insurance provides payments in the event that the insured person needs to stay in a nursing facility. This is a form of long-term care insurance and may only cover a stay in a nursing facility, and not long term care inside one's home.
The premiums for nursing home insurance depend on several variables - the proposed insured's age at the time of the application of the policy, his health condition, as well as the person's location.
Nursing Home Insurance is necessary for those who would like to stay in such a home when the time comes, since expenses for long-term care is not usually covered in most health insurance policies.
Was this insurance question and its answer useful?
| Not a bit | Very useful |
Have an Insurance Question? Ask For Insurance
More insurance terms around nursing home insurance:
- Occupation Disease
- Occurrence Policy
- Ocean Marine Insurance
- Open Competition States
- Operating Expenses
- Options
- Ordinance or Law Coverage
- Ordinary Life Insurance
- Original Equipment Manufacturer Parts (OEM)
- Over-The-Counter (OTC)
- Nuclear Insurance
- Notice of Loss
- No-Pay, No Play
- Nonforfeiture Options
- Noncancellable and Guaranteed Renewable Policy
- Non-Admitted Insurer
- Non-admitted Assets
- No-Fault Medical
- No-Fault
- Net Premiums Written