Insurance Concepts - Long Term Care Insurance

Long Term Care

Long Term Care is the care you receive when you cannot take care of yourself for an extended period of time. Insurance Concepts can design a plan to suit your needs and enable you to maintain your independence through those times when you need help the most.

Insurance Concepts provides benefit plans for long term care in a nursing home or an Assisted Living Facility. We can also work with you and your doctor to design an Alternative Plan of Care that would help you to maintain as much independence as possible, while insuring an appropriate plan of care.

Insurance Concepts provides comprehensive Long Term Nursing Care Plans which include benefits for Home and Community Based Care. This can include care at home, in an adult day care facility or for hospice care, respite care, homemaker services or services provided by a home care agency.

There are many ways in which Insurance Concepts can help you protect yourself and your estate from the rising costs of long term care. The following paragraphs describe the benefits that are available to you and how you can customize the policy to suit your needs.

Personal Care Advisor
We can Provide a toll-free number for you to call to contact a Personal Care Advisor who can work with you or your family to locate facilities and care services in your area, determine your eligibility for a claim and an appropriate level of care. Your Personal Care Advisor can also answer any questions you may have about a claim or benefits provided by your policy.

Design the policy that's right for you
Insurance Concepts offers plans that are designed to be flexible enough to fit almost any budget.

Available Benefit Amounts
Daily benefits are available up to $200 per day, in $10 increments

Variable Benefit Periods
You can choose 2-year, 3-year, 4-year or lifetime benefits for nursing home care.

Optional Elimination Period Optional "Elimination Period" is sometimes known as a "waiting period" and refers to the number days you must wait from the time you begin receiving covered care until you begin receiving benefits under a policy. You can choose to have a 0-day, 30-day, 90-day, or 180-day elimination period. Opting for a longer elimination period can reduce the cost of your premium.

Lifetime Elimination
If you choose an elimination period other than 0-day, you will only have to satisfy it once during the life of your policy. The days need not be consecutive. Once you have met your elimination period, you will never have to do so again.

10-Year Payment Option
You can choose to pay your premiums annually, semi-annually, quarterly, or monthly for 10 years. If you choose the 10-Year Payment Option, your policy will be completely paid-up after 10-years

Premium Protection
We cannot raise your premium unless we raise the premium for everyone in your state with the same type of policy. If you choose the 10-year Payment Option, we can never raise your premiums after the 10-year Premium Payment period has passed.

Restoration of Benefits
If you select a benefit period other than lifetime, your policy can restore to it's original limits if you are not eligible to receive benefits for 180 consecutive days. When you benefit restores, you will not be subject to a new elimination period.