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Wiki Articles - How to Understand Health Standards for Long Term Care Insurance Enrollment
Long term care insurance conforms to the basic insurance mechanism, in that the individual risk of future peril is shared by a pool of people who currently are free from that
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
peril.
The insurance pool is represented by the insurance company which sets eligibility standards for enrollment to ensure a hazard-free pool, so that actuaries can calculat
The insurance pool is represented by the insurance company which sets eligibility standards for enrollment to ensure a hazard-free pool, so that actuaries can calculat
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
reasonable, standardized premiums for pool members who meet the eligibility requirements and enroll in the risk pool. In this way, members transfer their individual risk of p
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ril to the pool. The pool shares the risk for all members and covers those whom actually experience the future peril.
If you are thinking about applying for a long term care
If you are thinking about applying for a long term care
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
insurance policy, please be aware that certain pre-existing health conditions can make it impossible for some folks to enroll due to health reasons. If you have any health iss
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
es, this article can help you better understand long term care insurance health requirements.
Do not apply for long term care insurance if you CURRENTLY:
* Use a multi-prong
Do not apply for long term care insurance if you CURRENTLY:
* Use a multi-prong
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
d cane, crutches, oxygen, walker or wheelchair
* Require assistance with bathing, dressing, feeding, toileting, urinary or bowel continence, or transferring between bed or ch
* Require assistance with bathing, dressing, feeding, toileting, urinary or bowel continence, or transferring between bed or ch
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
ir
* Use/need home health care, adult day care, assisted living or nursing home care
* Require assistance with grocery shopping, use of transportation, use of telephone or b
* Use/need home health care, adult day care, assisted living or nursing home care
* Require assistance with grocery shopping, use of transportation, use of telephone or b
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
nking
( NOTE: These pre-existing health problems may make you uninsurable for buying a new long term care insurance policy. However, all the above health conditions WILL be c
( NOTE: These pre-existing health problems may make you uninsurable for buying a new long term care insurance policy. However, all the above health conditions WILL be c
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
vered if they occur AFTER you you have purchased your long term care insurance policy. )
In addition, do not apply for long term care insurance if you CURRENTLY have:
* AIDs
In addition, do not apply for long term care insurance if you CURRENTLY have:
* AIDs
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
or HIV infection
* Alzheimer's
* Amyotrophic Lateral Sclerosis (ALS)
* Cystic Fibrosis
* Dementia
* Hemophilia (other than Von Willebrand disease
* Alzheimer's
* Amyotrophic Lateral Sclerosis (ALS)
* Cystic Fibrosis
* Dementia
* Hemophilia (other than Von Willebrand disease
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
)
* Hepatitis C, Non-A, Non-B, or Autoimmune (Active)
* Kidney Failure
* Liver Cirrhosis
* Memory Loss
* Multiple Sclerosis
* Muscular Dyst
* Hepatitis C, Non-A, Non-B, or Autoimmune (Active)
* Kidney Failure
* Liver Cirrhosis
* Memory Loss
* Multiple Sclerosis
* Muscular Dyst
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ophy
* Paralysis
* Parkinson's Disease
* Post-Polio Syndrome
* Schizophrenia
* Sickle Cell Anemia
* Systemic Lupus Erythematosus
Every lon
* Paralysis
* Parkinson's Disease
* Post-Polio Syndrome
* Schizophrenia
* Sickle Cell Anemia
* Systemic Lupus Erythematosus
Every lon
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
term care insurance company has their own health underwriting standards. Each company's health underwriting standards may vary by state, according to each state's laws.
Note
Note
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
As you increase in age, so does your risk for health issues. Therefore, most long term care insurance companies will require medical records for people over 45, medical recor
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
s and phone interview for people 50 and over, and medical records plus a face-to-face health interview for people over 70.
Be aware: If you think you can slip your health iss
Be aware: If you think you can slip your health iss
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
es past long term care insurance underwriters, then think again. First, lying on your application is fraud. Second, it is the underwriter's job to be very thorough when lookin
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
through your medical records and assessing risk. Be honest with yourself and with the long term care insurance company you choose.
The upshot of all this is that folks must
The upshot of all this is that folks must
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
rotect themselves while they are still in good health.
If you fall within acceptable guidelines, then "congratulations", as you can protect your assets and your family's life
If you fall within acceptable guidelines, then "congratulations", as you can protect your assets and your family's life
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
tyle stability now, then cross your fingers and hope that you are not one of the nearly 45% of us who will need care at some point in our lives.
Copyright (c) 2006 Clay Cotto
Copyright (c) 2006 Clay Cotto
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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