Do I Have To Pay Premiums Once I Go On Claim?
After you have satisfied your Elimination Period, the Waiver of Premium feature means that premiums will be waived. Some companies do it better.
Bed Reservation Benefit
If you are in a long-term care facility and for any reason you must leave for a temporary period (up to 60 days per year), and there is a charge to hold your bed, the Bed Reservation benefit will cover this expense up to the stated policy limits. This means that the facility can hold your bed for you until you return.
What If I Want Care When I Am Outside of the Country?
The world has become a smaller place. To meet the needs of diverse and geographically dispersed families, several companies wil provide benefit outside the United States.
Restoration of Benefits
What happens to my checkbook if I begin receiving benefits but then recover?
With the Restoration of Benefits feature, if you received benefits under your plan and later recover to the point that you have no more than one deficiency in your Activities of Daily Living (commonly referred to as ADLs) for at least six consecutive months, your full Checkbook Maximum Benefit will be restored. Not offered from all companies.
How Will Know When I Qualify For Benefits?
To be eligible for benefits, you must be certified by a licensed health care practitioner as having a chronic illness or disability. This is defined as a loss of the ability to perform (without substantial assistance) at least two ADLs, due to a loss of functional capacity.
These are bathing, continence, dressing, eating, toileting and transferring. This loss must be expected to last at least 90 consecutive days. A Severe Cognitive Impairment which requires supervision to protect your health and safety can also be considered a chronic illness or disability. After your Chronic Illness or Disability is certified, a Plan of Care must be developed consistent with your needs. This is the federally mandated language for tax qualified plan.
Find out who we prefer.
That being said we feel our preferred carriers seem to treat our clients just a bit better.
Are Any Discounts Available?
Partner Discount 15-40%
We currently work with over 300 national groups and can directly offer those group discounts.
Please see if I qualify for those groups.
Premium Payment Options
Lifetime Premium payments are made until your benefit is needed.
10 Year Paid Up Premium payments are accelerated so that your policy will be paid up after 10 years.
Paid Up At Age 65 Premium payments are accelerated so that your policy will be paid up when you reach age 65.
Premium Reduction At Age 65 Premium payments are paid until age 65,at which time the premiums will be reduced.