Long Term Care

Indemnity Long Term Care Insurance

In an Indemnity Long Term Care insurance policy you receive your complete daily benefit amount, regardless of the bill. Because of this, these types of policies are overall more expensive than reimbursement policies.

Disability Model Indemnity Plan

With a disability model indemnity plan (commonly known as CASH) the policy you purchase is what you get reimbursed for regardless of whether or not you have a bill. You use the money however you see fit. . It doesn't require that you receive care from licensed caregivers or home health care agencies. It just requires that you have a two ADL loss or a cognitive impairment. Generally a CASH policy will be the most expensive type of LTCi policy.

Indemnity LTCi Example 1:

You have a daily benefit amount of $200 and your facility bill is $170. You will receive the full $200 and can keep the remainder ($30).

Indemnity LTCi Example 2:

You have a daily benefit amount of $200 and your facility bill is $250. Your insurer will receive the full daily benefit amount of $200 from your insurer and you will be responsible to pay the remaining $50.

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We don't just offer one solution. We shop all of the major private carriers to offer you the best price. With our 35+ years of Long Term Care insurance experience, we'll save you time and money on your Long Term Care Insurance quotes. We only use your personal information to formulate your quotes and discounts. We will also email you a complimentary copy of the 2011 NAIC Shopper's Guide to Long Term Care Insurance so you can learn even more about LTCi.

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