SHORT TERM COVERAGE
Why would you need short term coverage?
You can't predict the future, but you can prepare for it. Regardless of the kind of insurance you have, Short Term Recovery Care Insurance can help protect you financially. Short term plans can help fill the holes of a Long Term Care policy. For those who can't quite afford a Long Term Care policy this is a good alternative.
Scenarios where you might want a short term recovery care plan:
An Unexpected Accident or Illness
You are confined to a nursing facility and cannot perform two or more ADL's or you have a cognitive impairment.
Medicare Coverage
Medicare pays the first 20 days of skilled care ONLY if you are admitted as an inpatient for at least three days. It will not pay for intermediate or custodial nursing care.
Recovery Care Coverage
The daily nursing facility coverage of short term care plans will pay benefits for all levels of nursing facility care - skilled, intermediate, and custodial care.
You are confined to an assisted living facility and cannot perform two or more ADL's or you have a cognitive impairment.
Medicare does not pay for any costs or services.
The daily nursing facility coverage of short term care plans will pay benefits for services in an assisted living facility.
You need home care services and cannot perform two or more ADL's or you have a cognitive impairment.
Medicare pays the eligible home care services like intermittent skilled sursing with doctor's orders. It will not pay for 24 hour care at home.
Some plan options will pay for a home care benefit.
The Two Words That Cost Medicare Patients Thousands
Issue ages up to 89
Elimination Period 0 to 100 days
Daily Benefits up to $300
Benefits period 90 to 360 days
According to the US Department of Health & Human Services, at least 7 out of 10
people who reach age 65 will use skilled or custodial care someday*. Are you in the 70% or are you in the 30%? Can you afford to take the gamble?
*www.LongTermCare.org
*www.Medicare.gov/Pubs/pdf/10050.pdf
Save 10% with the household discount when you and your spouse both apply!