Short term insurance is a good and affordable alternative to long term insurance policies. These policies are considerable less expensive than other traditional insurance products making it ideal for people on the lookout for cheaper but effective coverage options. It is also easier to qualify on a medical basis through short term or recovery insurance policies.
In many ways short-term care would come in handy for people
to deal with the unexpected. It could act as a temporary form of arrangement
and provide coverage for expense such as medical care and assisted living. Quite
often we see people getting affected with some form of chronic medical
condition or injury, which might have come about during an unexpected
time. Recovery from this
condition might require treatment from an assisted facility
or adult day care.
This gives the investor space and time to plan for a more
comprehensive package for the future while also having an efficient short term
policy to cater to current and immediate needs. The client can then adopt for long term care
if he or she feels its necessary.
MedAmerica transitions products are a very popular option
for short-term care insurance policies. The company has been providing
comprehensive financial assistance for families since 1987 and has achieved
high rating points in the insurance industry.
It is known to be offering high quality products accompanied by hassle
free service for quite a while now.
Client benefits associated with MedAmerica insurance
·
Includes getting waivers of premiums
·
Comes with a daily gap along with a lifetime
pool of cash value.
·
Bed reservation for a period of 21 days
·
Respite care for a period of 14 days
·
Spousal discount of up to 10%
Agent benefits associated with MedAmerica insurance
·
Requires quick and simple underwriting
·
The application process is easy with simple
yes/no types of questions
·
Rate of processing is quick and efficient.
·
Advancing available for up to 9 months
Benefits of MedAmerica Transitions Short Term Care Insurance
This form of policy makes payment of actual charges with a
daily cap up to the tune of $50-300 iin the form of 10 installments. This also comes with a lifetime pool of money
which can be equaled to daily benefits (choices
of 100, 200 and 360).
The option of lifetime cap can be restored provided there is
no requirement for 180 days.
There are other hosts of benefits that come with this
short-term product from MedAmerica. These include 21-day bed reservation,
premium waivers and 14 days of respite care.
Benefits can be derived with 2 out of 6 ADL triggers or
instances resulting in severe cognitive impairment (there is no need for HIPPA
90 day trigger if that is the case). It
also needs to be ensured that the elimination period requirements are met that
normally come with a choice of 23, 30 or 60 calendar days.
Married people can avail up to 10% discounts and it is not
required for both spouses to apply for the same policy.
MedAmerica transitions Mycare program
·
This is usually not required if the investor has
a long time policy in place. This makes
it optional for people when it is time to make a claim.
·
The program makes payments for care advise
directed at the insured party. This can quite useful for the investor after he
selects the vendor of his or her choice.
·
There is no requirement to meet elimination period
in this program. It is payable when the
customer or the investor cognitive trigger or ADL.
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About the Author
Well, if MedAmerica plan for this kind of transitions it's their choice. However, some of the people still prefer long term care insurance. Private long term care insurance companies, have the right to do for what they think is right for the company.