Comprehensive vs. Non-Comprehensive Coverage in 2024 (Understand Your Options)
In a comprehensive policy, benefits are paid for service delivered in nursing facilities, assisted living facilities, adult day care centers, or at home
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What If I Miss A Premium Payment—Do I Lose My Insurance?
Long term care policies generally provide a 31-day grace period
→ Read MoreDo I need multiple policies to get enough coverage?
If you already have a policy, but the benefits are inadequate you should probably consider an additional policy rather than starting over with a replacement policy
→ Read MoreReturn Of Premium
Many companies offer a return of premium option at an additional cost
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Many policies have specific dollar maximums after which benefits are no longer payable
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The provision of the policy, usually stated on the first page, that sets forth its term of coverage
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A provision in which your insurance company cannot contest your contract after it has been in force for a specified period of time
→ Read MoreBed Reservation Benefit
Should you become hospitalized during a stay in a nursing home or assisted care facility, some policies will continue to pay benefits (for a period such as 21 days) to cover charges to reserve your accommodations in the facility
→ Read MoreWhat Is The Difference Between Benefits Paid On The Reimbursement Method And The Indemnity Method?
Under the indemnity method, once you are eligible to receive benefits, the company will pay you the amount specified in the policy, regardless of the cost of service
→ Read MoreFamily Receives $7.5M after Hospital Administers Lethal Amounts of Radiation
An Illinois woman suffering from cancer was given an unfathomable 50% more radiation than prescribed on 17 different occasions which eventually led to her death. Her family sued the hospital for medical malpractice and wrongful death and received $7.5 million’ the largest settlement of its kind in Cook County history.
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