In long-term care insurance, what is the typical elimination period before benefits begin?

In long-term care insurance, the typical elimination period before benefits begin is often set at 30 days. The elimination period, also known as the waiting period, is the time an insured must wait after a claim has been filed before the insurance company starts to pay for long-term care services. A 30-day elimination period strikes a balance between affordability and ensuring that the insured has immediate access to care once the waiting period is over. Longer periods may not be as practical for individuals who may need services quickly, while shorter periods could lead to higher premiums.

Overall, understanding the elimination period is critical, as it impacts both the coverage one will receive and the financial planning for long-term care needs.