USAA Long Term Care Insurance: Everything You Need to Know

Long term care can be expensive, and it can deplete the savings of many families. USAA is a well-known insurance company that offers a variety of insurance products, including long term care insurance. In this article, we’ll explore everything you need to know about USAA long term care insurance, including its features and benefits, eligibility requirements, and frequently asked questions.

What is Long Term Care Insurance?

Long term care insurance is a type of insurance that covers the cost of long term care services for people who are unable to perform everyday tasks or suffer from chronic illnesses. These services include assistance with bathing, dressing, eating, and other activities of daily living.

Long term care insurance can be purchased as an individual policy, or as part of a group policy through an employer or organization. It helps to cover the cost of long term care services, which can be expensive and can quickly deplete a family’s savings.

What Does USAA Long Term Care Insurance Cover?

USAA long term care insurance covers a variety of long term care services, including:

Services Covered
Details
Nursing Home Care
Covers the cost of care in a nursing home facility
Assisted Living Care
Covers the cost of care in an assisted living facility
Home Care
Covers the cost of care in the home, including skilled nursing care, physical therapy, and occupational therapy
Hospice and Respite Care
Covers the cost of hospice and respite care

USAA long term care insurance also offers optional benefits, such as:

  • Inflation Protection
  • Shared Care Coverage
  • Return of Premium
  • Care Coordination

Who is Eligible for USAA Long Term Care Insurance?

To be eligible for USAA long term care insurance, you must:

  • Be a USAA member
  • Be between the ages of 18 and 84
  • Be a resident of the United States

There are some additional eligibility requirements, such as medical underwriting, that may affect your ability to qualify for USAA long term care insurance. It’s best to speak with a USAA representative to determine your eligibility.

How Much Does USAA Long Term Care Insurance Cost?

The cost of USAA long term care insurance varies based on several factors, such as:

  • Your age and health
  • Your gender
  • The amount of coverage you select
  • The optional benefits you choose

USAA offers several options for payment of premiums, including:

  • Single Premium
  • Annual Premiums
  • Semi-annual Premiums
  • Quarterly Premiums
  • Monthly Premiums

It’s important to speak with a USAA representative to obtain an accurate quote for your long term care insurance coverage.

FAQ

Is USAA Long Term Care Insurance Worth it?

USAA long term care insurance can be a valuable investment for people who want to protect their savings and ensure that they have access to quality long term care services. However, long term care insurance may not be worth it for everyone, and it’s important to consider your own personal circumstances when deciding whether to purchase this type of insurance.

Does USAA Long Term Care Insurance Cover Pre-Existing Conditions?

USAA long term care insurance may cover pre-existing conditions, but this will depend on the specific terms of your policy. It’s important to speak with a USAA representative to determine whether your pre-existing condition will be covered.

Can I Customize My USAA Long Term Care Insurance Policy?

Yes, USAA long term care insurance offers optional benefits that allow you to customize your policy to meet your specific needs. These benefits include inflation protection, shared care coverage, return of premium, and care coordination.

How Do I Apply for USAA Long Term Care Insurance?

To apply for USAA long term care insurance, you can contact a USAA representative by phone or online. You will need to provide personal information and answer questions about your health and lifestyle to determine your eligibility for coverage.

What Happens if I Don’t Use My USAA Long Term Care Insurance?

If you don’t use your USAA long term care insurance, you will not receive a refund of your premiums. However, some policies may offer benefits such as return of premium or shared care coverage, which may provide additional benefits if you do not use your insurance.

Conclusion

USAA long term care insurance can be a valuable investment for people who want to protect their savings and ensure that they have access to quality long term care services. USAA offers a variety of long term care insurance options, including optional benefits that allow you to customize your policy to meet your specific needs.

If you’re interested in purchasing USAA long term care insurance, it’s best to speak with a USAA representative to determine your eligibility and obtain an accurate quote for your coverage.