Denver Long-Term Care Insurance Attorney
Perhaps you or a loved one has recognized the need for long-term care insurance (LTC). This type of insurance is not just “nursing home” coverage. It’s insurance that helps ensure continued independence in your later years and protects the personal assets you’ve acquired. Long-term care insurance helps pay for medical care over an extended period, whether in a nursing facility, rehabilitation facility, or through in-home assistance for Activities of Daily Living (ADLs).
For the benefit to become payable, the person insured under the policy usually must show an inability to perform two or more ADLs, such as dressing, bathing, toileting, cleaning, cooking, incontinence, and transferring from a bed. If you’re navigating a Long-Term Care Insurance claim or need assistance with your policy, our expert lawyers team at McDermott Law, LLC is here to help guide you through the process and protect your rights.
As the population ages, more and more people will require long-term care, necessitating the increased need for long-term care insurance and the likelihood of an increased percentage of LTC insurance denials. But the LTC insurance industry has suffered numerous financial problems over the years. Many companies sold policies that provided too much coverage for the premium they charged. These companies simply did not anticipate the inevitable, significant increase in health care costs over the past decade and more. Several of these companies have gone out of business. Many others ceased selling LTC policies altogether.
If your LTC claim has been denied, contact the experienced Long-Term Care Insurance claim attorneys of McDermott Law, LLC. You can reach us by phone at 303-964-1800 or by completing our contact form. We offer a free Review of Denied Claims. Our Denver office serves clients throughout the Rocky Mountain region.
Has Your LTC Claim Been Denied?
Long-term care insurance companies deny claims for a variety of reasons. When this happens, the policyholders – often a senior citizen – can be financially ruined. Nursing home or assisted living care is extremely expensive (costing as much as $10,000 per month at some facilities). A denied claim can be disastrous for the person and his or her family who were expecting to have the financial security promised by the insurance company.
If you’re facing such a situation, understanding how long term disability work applies to your case can help you navigate the process and potentially appeal the denial. If you’re facing a denial of benefits, whether it’s for long-term care or short-term disability, a short-term disability lawyer can help you understand your options and fight for the compensation you’re entitled to.
Denials come in many forms. Some of the more frequent reasons are:
- Coverage for an approved nursing home, but the facility where the claimant now resides is an assisted living facility
- Lack of medical necessity for treatments or benefits
- A lapse in coverage due to unpaid premiums (many older insureds simply forget to pay their premiums)
- The chosen Care Provider is not covered by the policy (most policies exclude family members from being the caregiver, even if qualified to do so).
- Lack of compliance with a confusing claim process
- The requirement to first be hospitalized
If you purchased long-term care insurance coverage in Denver, you or your parent may find yourself having a difficult time collecting on an LTC policy. These companies are now in a position where they can’t pay what they agreed to. The way to solve that problem is to deny or delay your claim. Common LTD insurance companies in business today are:
- Bankers Life & Casualty
- Genworth Financial
- MassMutual Financial Group
- Mutual of Omaha
- Conseco
- New York Life
- Northwestern Mutual
- State Farm
- Transamerica
- Colonial Penn
Our Long-Term Care Insurance Attorneys Are Available To Talk To You
Insurance companies will deny payment of these benefits for various reasons. Pursuing a denied claim can be incredibly overwhelming for many people who need long-term care, as well as their families. If you or someone you know has fallen victim to a long-term care insurance company, contact the bad faith insurance attorneys at McDermott Law.
For a free Review of Denied Claims, complete our contact form or call us in Denver at 303-964-1800. We represent clients throughout Colorado and the Rocky Mountain region.
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