Questions About Long Term Care For People With Diabetes
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When is a Diabetic eligible for Long Term Care Insurance?
Thanks to new developments with medication and the ability to control diabetes, we are finding that some carriers of Long Term Care Insurance (LTCI) are reconsidering underwriting requirements and will insure a diabetic with good to excellent control over their blood sugar levels.
Diabetics have an increased risk for stroke, neuropathy and other debilitating complications so while these complications are at a minimum it makes sense to look at LTCI. This will insure your quality of care and protect your assets from the exposure to the increasing costs of care.
Several themes repeat themselves when reviewing the different standards that insurance companies use to underwrite the diabetic applicant. Generally, Type I diabetics are considered uninsurable. Type II diabetics are grouped into those who use insulin and those who don’t and the insurance companies underwrite accordingly. Diabetics who have any complications such as peripheral vascular disease, kidney disease or neuropathy will usually result in decline.
Non-insulin dependent diabetics are usually eligible for coverage assuming there are no diabetic complications. Most companies want to see the diabetes is well controlled with diet and oral medications for over 6 months.
Until recently insulin dependent diabetics were considered either uninsurable or were limited in the amount of coverage they could choose. Now, if an insulin dependent diabetic can prove the ability to control the blood sugar levels with a certain minimum number of units of insulin and fit within certain FBS and GHB levels they may be insurable. With some companies, a diabetic on 20-40 units of insulin with a FBS of less than 140 and a GHB less than 9 is eligible for standard rates. We have also seen up to 100 units of insulin insured, providing there are no diabetic complications.
There are only a few "A" rated companies who will offer coverage to a diabetic and even fewer at standard rates. Be sure to discuss your current health conditions with a qualified LTC representative to get the most accurate quotes. Click here for more information.