What is the elimination period on a long-term care policy and how does it affect my cost?

The elimination period is the waiting time, often 30, 60, or 90 days, after you qualify for benefits before the policy starts paying. You cover care costs out of pocket during this period, so it functions like a deductible measured in days rather than dollars. A longer elimination period lowers your premium but requires more savings to bridge the gap.

Check whether the period is counted in calendar days or days you actually receive paid care, since that changes how quickly it's satisfied. Also confirm it's a one-time waiting period per benefit episode versus resetting. A 90-day elimination period paired with a solid emergency reserve is a common balance between affordable premiums and manageable upfront exposure.