Nursing home expenses are not covered for an indefinite period of time.
Similarly as there will be a day as far as possible on the amount they will pay you when you’re in a nursing home recorded inside the strategy, there will be explicit time limits referenced too.
The benefit period is the name given to this time frame.
When you buy a policy, the amount it will pay will be clearly stated, so if the daily cost limit is unclear to you, make sure to ask.
It’s possible that nursing home insurance has a termination period. This is similar to the time before coverage begins in various health insurance policies.
You’ll pay more for a policy with a shorter elimination period or none at all. By opting for a longer elimination period, you basically agree to pay for the expenses for a longer time before your policy begins to pay.
