You can now have peace of mind knowing your selected Daily Benefit will help pay for expenses incurred, up to the Lifetime Maximum Benefit elected (180, 270 or 360 days), if you are in need of Skilled, Intermediate or Custodial Care in a Nursing Facility.
If you need assistance that does not require 24 hour care, but you are still in need of services provided in an institutional setting, 75% of the Daily Benefit you selected can help pay for expenses in an Assisted Living Facility for the Lifetime Maximum Benefit selected (180, 270 or 360 days).
If you are hospitalized while receiving benefits in a Nursing Facility or Assisted Living Facility, the Company will continue to pay a benefit for a charge made to reserve your accommodations in the facility for up to 21 days per calendar year.
A Lifetime Maximum Benefit is available for 180, 270 or 360 days. After the Elimination Period, you will receive benefits for each day of care up to your Lifetime Maximum Benefit as shown in the Schedule of Benefits. Once your Lifetime Maximum Benefit is fully exhausted your coverage will be terminated.
You have the option to select either a 0 or 20 day Elimination Period. The Elimination Period is the number of days you must receive services which
would qualify for reimbursement under your policy before benefits begin. During the Elimination Period you are responsible for all expenses incurred. Once your Elimination Period has been satisfied, benefits will be paid in accordance with the policy provisions and you never have to satisfy it again during the time your policy is in force.
Should your stay require less than your Lifetime Maximum Benefit and you qualify for a Restoration of Benefits as defined in the policy, full benefits will be restored up to the maximum benefit shown in your policy.
Either Simple or Compound inflation can be added at an additional cost.
At an additional cost, this optional rider will pay 75% of the Daily Benefit of the base policy for medically necessary Home Health Care services for a maximum of 90 days with no Elimination Period.
This product is available in most states.
We are so passionate about Short-Term Care that we created a complete Short-Term Care Training & Marketing Kit. This kit includes a training video playlist, a 22-page e-book guide, and marketing materials.
You can also check out some of the content we've developed about selling Short-Term Care:
Plus, watch the STC training video playlist.