Registered Nurse (RN)
A registered nurse (RN) maintains a leadership role, often coordinating, providing, and overseeing care services and patients within their jurisdiction.
The Complete Glossary on Long-Term Care
Explore clear, easy-to-understand definitions of the terms and concepts that shape long-term care planning. Whether you’re researching coverage options, care types, or planning terms, our glossary helps you make sense of the details so you can plan with confidence.
Term of the Day
Skilled Care
Skilled care is medical care or assistance provided by a registered nurse or professional therapist. Skilled care is usually provided within a licensed facility, such as a nursing home.
Categories
Topics
Care Types
Emotional Support
Emotional support is an empathetic and compassionate type of care that focuses on creating connections and improving emotional well-being.
Future Purchased Option (FPO)
A form of inflation protection in a Long-Term Care Insurance policy where the insured has the right to increase benefits periodically (e.g., every 3 years) to reflect increases in the cost of care.
Quote
A quote is a cost estimate for an insurance policy provided by the company.
Skilled Care
Skilled care is medical care or assistance provided by a registered nurse or professional therapist. Skilled care is usually provided within a licensed facility, such as a nursing home.
Companion Care
Companion care is when a caregiver provides emotional support and connection to an individual.
Post-Claim Underwriting
Post-claim underwriting occurs when an insurance company reevaluates a policy after a claim. They may raise the premium, change benefits, or cancel the policy altogether. Post-claim underwriting is illegal for federally qualified Long-Term Care Insurance policies.
Beneficiary
This is a named person, trust, or other legal entity which you can designate in a Long-Term Care Insurance policy to receive benefits from your policy after your death.
Reverse Mortgage
A reverse mortgage allows homeowners to convert part of their home equity to cash to pay for long-term care expenses.
Alzheimer's Disease
Alzheimer's disease is a common form of dementia. This disease affects a person's thinking, remembering, and functioning ability. Most people with Alzheimer's will need long-term care support.
Contingent Nonforfeiture
The opportunity in all tax-qualified Long-Term Care policies to provide the policyholder options in the event the insurance company gets approved a rate increase of over a certain percentage as listed in the policy.
Medically Necessary Care
Reasonable and appropriate diagnosis, treatment, and follow-up care (including supplies, appliances, and devices) as determined and prescribed by qualified appropriate health care providers.