Types Of Plans

Reimbursement Policy

 These policies reimburse you for compensable health care costs that your incure on a daily or monthly basis. 

Indemnity (Cash) Policy

 A “cash” policy will pay you cash at the beginning of each month in which you are eligible for benefits.  You do not have to show that you used any of the money for your care.

Hybrid Policies

 These policies will allow you to choose how you receive your benefits each month, cash and/or reimbursement.

Asset Based Policies*

 These plans combine the benefits of an annuity, life insurance and long term care policy.  But these plans require a lump-sum deposit of $50,000 or more, and have certain restrictions and additional premiums.