Updated October 2017. Subject to change.
BENEFITS FOR UP TO 360 DAYS: The policy offers several benefits and features that we find attractive for consumers who may have care needs and want benefits — at least for 1 year (360 days).
While Medicare covers services like physical or speech therapy, they often require an individual go to an approved facility for care. That is not always desirable or feasible. Individuals can utilize the benefits of this policy to receive skilled care services in their own home. This is a highly attractive benefit. Plus, the policy provides three options (levels) for these benefits. Choice is always a benefit for your clients.
HOME HEALTH CARE AIDE: Any agent who has (or is) selling long-term care insurance knows individuals want the option to receive care services in their own home. This policy will pay for the services of a Home Health Care Aide. During our agent training we address why the 60-day nature of this benefit can be significantly valuable to individuals. And, don’t forget about “No prior hospital stay”.
PRESCRIPTION DRUG BENEFIT: This is a real benefit for seniors who often take multiple medications. They can receive the benefit even if they paid NOTHING for the medicine (meaning it was covered by their Medicare Advantage or Medicare Part D plan). The client can choose a $300 annual benefit or a $600 annual benefit. This is a significant benefit for seniors who take multiple prescription medications!
SIMPLE APPLICATION WITH 2 YES-NO HEALTH QUESTIONS: Okay, there’s an option (Option C) that requires completion of a third Yes No question.
APPLICANTS UP TO AGE 85: Applicants accepted from age 40 to age 85. This is an ideal option for individuals who can not health-qualify for traditional long-term care insurance BUT still want some potential coverage (especially care at home). It’s also a great complement for those who have Medicare Advantage and Medicare Supplement coverage. During our agent training we explain far more about how this product dovetails with these common coverages.
This information is intended as an overview of the product. For agents only.
To learn more about this product you should read and request the policy specific information and outline of coverage.
Policy provisions can vary by state.
Our focus is advocating for the benefits offered by short-term care insurance (recovery care) products such as the Short-Term Home Health Care policy offered by Guarantee Trust Life Insurance Company as well as other insurers.
IF YOU ARE AN AGENT interested in successfully marketing and selling short-term care insurance products, we’d welcome working with you. We appoint agents with all leading STC insurers and have partnered with the leading national organization to ensure the highest levels of support. Call our office today at 818-597-3205 and we’ll get you started.
IF YOU ARE AN AGENCY LOOKING TO SEE YOUR AGENTS SELL MORE SHORT-TERM CARE INSURANCE we would welcome sharing how we help small, medium and larger agencies effectively build their agency success and revenue. Call me to discuss.
I look forward to hearing from you.
National Advisory Center for Short-Term Care Information