Long term care policies differ from one company to the next and most plans offer numerous options. So comparing plans is difficult. Simply comparing premiums will not lead you to the right choice. A cheaper plan may not provide you with the amount of coverage your need, nor provide you your desired freedom to choose where and when care is provided. The following worksheet may be used to help you make an intelligent comparison between plans.

	Policy A	Policy B
Insurance Company
Company name
Financial rating
Best
Standard & Poor's
Weiss Ratings, Inc.
Other
Plan name/policy form number
History of rate increases
Types of Care Covered
Nursing home
Assisted living facility
Home
Policy Limits
Daily benefit
Nursing home
Assisted living facility
Home
Benefit period
Lifetime limits
Nursing home
Assisted living facility
Home
Total
Premium
$_____ per _____
Lifetime or _____ years
Discounts if both you and spouse purchase>
Rate class (standard, preferred, sub-standard)
Does premium include optional benefits?
Types of Care Covered
Nursing home
Assisted living facility
Home
Policy Limits
Daily benefit
Nursing home
Assisted living facility
Home
Benefit period
Lifetime limits
Nursing home
Assisted living facility
Home
Total
Benefit Triggers
Activities of daily living (ADL's)
Total
Minimum unable to perform
“Hand's on” or “Standby Assistance” required
Cognitive Impairment
Doctor's certification of medical necessity
Prior hospital stay
Elimination Period
Nursing Home
Assisted Living Facility
Home
Computed as service or calendar days
Inflation Protection /td>
None, compound or simple
Option to purchase additional coverage
When
How much
Requirements to qualify
Tax Qualification
Yes/No
Partnership Plan
Yes/No
Other Benefits
Waiver of premium
Non forfeiture
Return of premium
Other
Other
Premium
$_____ per _____
Lifetime or _____ years
Discounts if both you and spouse purchase
Rate class (standard, preferred, sub-standard)
Does premium include optional benefits?

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