Florida Long-Term Care Insurance Lawyer
What Is Long-Term Care Insurance?
In Florida, long-term care insurance pays the cost of nursing home care
or home health services to policyholders who are no longer able to care
for themselves. It may also pay for care in assisted living facilities
and adult day care centers. The care covered by long-term care insurance
policies include providing assistance with the activities of daily living,
which includes activities such as bathing, dressing, and eating.
Long-term care insurance provides a wide-range of medical and support services,
- Daily care for degenerative conditions
- Medical attention for prolonged illnesses
- Assistance for those with cognitive disorders
While typically providing for older individuals, long-term care polices
may also give coverage for long-term care which is needed as a result
of accidents or illnesses that tend to affect younger individuals, such
as multiple sclerosis.
Assistance for a Growing Number of People
This year, about 9 million Americans over the age of 65 will need long-term
care services. By 2020, that number will increase to 12 million. 40% of
people currently receiving long-term care are adults aged 18 to 64 years
old, according to the U.S. Department of Health and Human Services.
Long-term care insurance has been one of the fastest-growing types of insurance
sold in recent years. There are over 100 insurance companies now sell
long-term care policies. Unfortunately, years ago, insurance agencies
oversold polices at a price that wouldn't support future benefit payments.
Now that policyholders are aging and need to claim their benefits, some
insurance companies are engaging in
bad faith practices in order to maximize their own profits. Sadly, senior citizens are left
financially destitute when their claims are denied, and they must pay
the crushing cost of nursing home care out of their own pockets.
Fight Bad Faith Practices
Unlike many other types of insurance premiums, long-term care insurance
premiums can increase. As policyholders grow older, premium costs can
increase at an enormous rate. Often, senior citizens on fixed incomes
can no longer afford the premiums and must let their long-term care insurance
policies lapse. In addition to raising policyholders' premiums to
unbearable amounts in order to force a policy lapse, insurance companies
attempt to reduce benefits payments to policyholders in many ways.
The process of obtaining payment for a claim can be extremely difficult,
frustrating and time-consuming. Insurance companies often inundate policyholders
with confusing and burdensome paperwork. People in need of these insurance
benefits often do not have the strength or ability to fight with their
insurance company, and are often cognitively impaired.
Long-term care insurance companies will also deny claims based upon the
"fine print" in their policies pertaining to the conditions
under which benefits are to be paid. Insurance companies interpret plan
terms to advance their own interests and deny or limit benefits. Some
insurance companies engage in tactics such as denying receipt of documents
sent to them, utilizing biased doctors and nurses to justify denials,
and ignoring, or failing to advise insureds about benefits to which they
Retain a Firm with Past Recoveries Worth Millions
If you or a loved one have been victimized by a long-term care insurance
company, we can help. Our
Florida insurance law attorneys and staff members at Danahy & Murray, P.A. will take the time to listen
to your problems and can help you sort out the issues involved in your case.
Contact us today to schedule a
free initial consultation in English or Spanish. We are available at (813) 701-2296.