WHAT IS SHORT TERM RECOVERY CARE?
The Short Term Recovery Plan provides cash benefits for hospitalization for a covered injury or sickness and especially for your recovery afterwards. These plans work in conjunction with your health insurance and even Medicare benefits and are designed and negotiated to help with expenses that may not be covered. Instead of having to use your savings or retirement income to help pay for your recovery care, you can enroll in a Short Term Recovery plan and it will take care of most of those expenses for you.
Short Term Recovery plans provides coverage for one year or less. A good percentage of Long Term Care Insurance claims last one year or less. These plans typically cover the following services by various rates depending on the carrier: Skilled Nursing Care (RN), General Nursing Care (LPN or LVN), Physical Therapy, Speech Pathology,Occupational Therapy, Chemotherapy Specialist Services, Enterostomal Therapy, Respiration Therapy, and Medical Social Services. There are also additional optional benefits available and vary depending on the carrier. Typical additional options include benefits for annual physical exams, vision exams and frames, hearing exams and aids, and ambulance trips.
WHY CONSIDER A SHORT TERM RECOVERY CARE POLICY?
USA-BGA has outstanding strength in Long Term Care Insurance. One of our greatest challenges is to find a solution for everyone. It is typically because of health issues that pose a challenge to find a traditional Long Term Care solution. Rather than just wish our clients luck with their Long Term Care needs, we have found an alternative solution beyond hybrid products, life insurance with Long Term Care riders, and critical illness. Short Term Recovery Care is a great additional option that USA has to offer its clients. Here are some reasons you should consider Short Term Recovery Care…
You or your significant other has been DECLINED for traditional LTC
You want a LESS EXPENSIVE option than traditional LTC
WAITED TOO LONG to buy traditional LTC and it is just too expensive
Have a LTC policy and WANT TO COVER THE ELIMINATION PERIOD
You are AGE 75 to 85 and need a solution
FACTS ABOUT SHOT TERM RECOVERY CARE
- Minimum Applicant Age: 41
- Maximum Applicant Age: 85
- Typical Benefit Amounts: $100, $150, or $200 per day
- Cost per month can range between $26 – $105 depending on age