Short term care insurance fills a useful niche for seniors who cannot qualify for or do not need full long term care coverage. Here is how it works.
How short term care insurance differs from long term care
The main difference is duration. Long term care insurance can pay benefits for years or even a lifetime, while short term care insurance typically covers up to about a year, often counted as 360 days. Because the insurer's exposure is shorter, premiums are usually lower and health underwriting is more lenient, sometimes with no medical exam. That makes it a realistic option for seniors who have been declined for traditional coverage or want affordable protection for a likely shorter need. It can also bridge the waiting period on a long term care policy. A 1-800-MEDIGAP advisor can explain the fit.
Who is short term care insurance best for?
Short term care insurance suits seniors who could not qualify for traditional long term care insurance due to health, those who want lower premiums, and people seeking coverage for a likely shorter recovery, such as after surgery or a fall. It can also cover the elimination period before a long term care policy starts paying. It is not a substitute for years of custodial care, so heavy-need scenarios may require more. To see whether short term care or a fuller policy fits, call 1-800-633-4427 and 1-800-MEDIGAP will compare your options.