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Article: LONG-TERM CARE POLICIES BECOMING USER-FRIENDLY.(MONEYWISE)(Column)
- Article from:
- The Cincinnati Post (Cincinnati, OH)
- Article date:
- September 9, 1997
CopyrightCOPYRIGHT 1997 The Cincinnati Post. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: J. Brendan Ryan
What a metamorphosis. I can't think of another example of such rapid evolution of an insurance product.
Insurance for home-bound and institutionalized elderly first appeared in the 1970s and became fairly prevalent in the 1980s. They mostly followed Medicare's lead by requiring a three-day hospital stay before they would cover a nursing-home admission. And a patient could get benefits only if he or she required skilled-nursing care. Stays for intermediate or custodial care were excluded. So were stays for cognitive disorders such as Alzheimer's disease.
If those original policies provided home-health care at all, it was ...
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