Long-Term Care Insurance

South Dakota Senior Insurance Agency (SDSIA) offers long-term care insurance options that may allow you to remain in your home without spending your retirement savings on long-term care services.

A Long-term Care Policy may be a good choice for you if:

• You would like to remain in your home as long as possible
• You would like to spend more time with your family
• You would like to protect your retirement savings

How a Long-Term Care Policy Works

1. A licensed health care practitioner must certify that you are chronically ill and submit a plan of care prescribing long-term care services.
2. When you purchase a long-term care policy, you will select an elimination period, during which time any costs for long-term care services are your responsibility.
3. Once you’re eligible for benefits, you have the option to choose how the benefits are paid to you. You can choose either a traditional reimbursement benefit, which is payable after satisfying your policy’s elimination period, or you can receive a cash benefit with no elimination period to satisfy.
4. For as long as you remain chronically ill and are eligible for benefits, your policy will continue paying for long-term care services until your policy limit is reached.