If you are thinking of retiring abroad, and you want to purchase (or have already purchased) long-term care insurance, be sure to read the fine print on your policy.
Not all policies cover care in other countries, and even if they do, the benefits are often reduced. For example, one large insurer pays only 50 percent of the nursing home benefit if your care is received outside the U.S.
Other companies provide full benefits, but for a limited time (such as one year). Once you reach the limit, you will have to move back to the U.S. if you want to continue your remaining coverage.
Still other companies will cover you only if you move to an English-speaking country.
To check your policy, go to the section for exclusions, and look carefully for “international benefits” or “out-of-country coverage.” If you need some assistance determining what long-term care policy will work best for you, please do not hesitate to contact an elder law attorney for a consultation.