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Does LTC insurance cover care in countries outside the US?

I have paid into an LTC policy for over 10 years. I am considering moving back to Scotland. Will my policy cover expenses for care there?
Status: Open    Nov 17, 2014 - 08:56 AM

Finance

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Nov 18, 2014 - 12:35 PM


LTC plans will pay benefits if you relocate to Scotland.


If you own a MedAmerica plan and it is all cash -- the plan will pay 100% of the benefits.


For most carriers, please call the carrier or your agent to get specific information, it is 100% for the first year and then 50% benefits for the duration that you use your long term care benefits.


A frequent follow up questions is: "is it reasonable that the carrier reduces the benefits after the first year?"


Consider it from this point of view : the reason the insurance companies limit payments after the first year is they want people to have benefits that are needed. If people move overseas, cost of care varies. It maybe more, it maybe less. They want to control their outflow of cash and the insured receives the care needed.


You will receive your full benefits in time but not as quickly if you reside in the United States or its territories.

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Jul 23, 2015 - 12:54 PM

Many long term care insurance contracts include terms about payments for care provided outside the United States, but the only way to be sure is to consult the insurance contract.
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