Long-term care insurance is mainly an institutional arrangement that focuses on providing care protection and financial compensation for the insured in the event of incapacity for daily living, old age and illness, or death. Currently, there are two forms of social insurance and commercial insurance worldwide.
Long-term care insurance is an important part of the public health policies and systems of developed countries, and the book Long-Term Care Insurance provides an in-depth study of the successful experience of long-term care insurance in developed countries, which also provides an important reference for the design and development of China's public health policies to improve China's national health system.
Long-term care insurance began in the United States about 20 years ago, and the development of long-term care insurance in Germany and France has been very good, and long-term care insurance in the United States has increasingly become the most popular insurance for families, and now accounts for 30% of the U.S. life insurance market.
China's elderly population will reach 240 million in 2018, China's population aging has entered a new stage, the one-child support burden has increased, young people's busy work makes the time to take care of the elderly is reduced, long-term care insurance is very promising market.
Benefit conditions standard:
1. Failure of the ability to perform daily activities. This includes: getting up and going to bed, or getting up and moving around, dressing and undressing.
2. Medical necessity and hospitalization. Insurance companies require that an insured's stay in a nursing home be medically necessary in the same way as a hospital stay
3. Cognitive impairment. Typically, long-term care is considered necessary if the insured is diagnosed as being cognitively impaired in some way.
Responsibilities:
It varies from insurer to insurer and generally includes the following:
1. Long-term care benefits. The insured person is incapacitated by accidental injury or other causes.
2. Cancer insurance benefit. The first occurrence of a specific cancer within the scope of insurance liability.
3. Death Benefit. Available on the death of the insured.
4. Elderly Care Benefit. Received after the insured person turns 60 as specified.
5. Old age sickness insurance benefit. The first occurrence of contracted diseases
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