01.Core Concepts

Expense-incurred (or reimbursement) policies are the most common type of LTC insurance policies These policies reimburse for actual charges up to a daily limit Consumers have a choice of daily benefits, which range from $50 to $350 or more Policies may cover a different amount depending on the type of facility Policies may have limits on the total amount paid over the lifetime of the policy Indemnity policies (or per diem policies) pay a flat dollar amount per day regardless of actual expenses ‹#›