by Carolyn Olson | Feb 13, 2012 | LTCi Partnership Programs
Long-Term Care Insurance Partnership Program The partnership program is designed to provide incentives for people to take personal responsibility for their own care by purchasing long-term care insurance. The program was designed to reduce Medicaid costs for nursing...
by Carolyn Olson | Feb 13, 2012 | LTCi Partnership Programs
Medicaid: How to Protect Your Family’s Future with a Georgia Long-Term Care Partnership Policy The Georgia Long-Term Care Partnership is designed to reward Georgians who plan ahead for their future long term care needs. The Long-Term Care Partnership is an innovative...
by Carolyn Olson | Jan 26, 2012 | Shortened Benefit Period
Shortened Benefit Period = A non-forfeiture option that reduces the benefit period but retains the full daily maximums applicable until death. The period of time for which benefits are paid will be shorter. For example, you buy a policy for three years of coverage...
by Carolyn Olson | Jan 26, 2012 | Personal Care (Custodial Care)
Personal Care ( Custodial care) = Care to help individuals meet personal needs such as bathing, dressing and eating. Someone without professional training may provide care.
by Carolyn Olson | Jan 26, 2012 | Nonforfeiture Benefits
Non-Forfeiture Benefits = A policy feature that returns at least part of the premiums to you if you cancel your policy or let it lapse.
by Carolyn Olson | Jan 26, 2012 | Medicare Supplement Insurance
Medicare Supplement Insurance = A private insurance policy that covers many of the gaps in Medicare coverage (also called Medigap insurance coverage).