Let’s look at three key terms of LTCi: Benefit Pool, Monthly Benefit, and Waiting Period.

Benefit Pool is the maximum amount of money available in your policy, say one hundred thousand dollars. Your policy will last as long as there is money left in the Benefit Pool.

Monthly Benefit is the maximum amount of money paid each month for care, say five thousand dollars.

If you use less than your Monthly Benefit the money is saved in the Benefit Pool for future use.

Waiting Period is the number of days you pay for care before insurance benefits begin.

There is a ninety day waiting period for care in a facility.

We can help you understand how LTCi works.

Check out the Long Term Care enrollment system to learn more, calculate rates and apply.