Frequently Asked Questions

Increasing and Decreasing Coverage

1. Can I increase coverage?
    
2. Can I decrease my coverage?
    
3. If I decrease my coverage, can I ever get paid-up benefits, since I've already paid for higher benefits for a long time?

1. Can I increase coverage?

At any time, you may request an increase (upgrade) in your coverage by contacting Long Term Care Partners. In order to receive approval of a request for an increase outside an Open Season, you must provide, at your expense, evidence of your good health that is satisfactory to Long Term Care Partners. The amount of an increase is subject to what's then available under the Program (for example, you couldn't increase to a $350 daily benefit amount if the highest we offer is $300).

If you request and Long Term Care Partners approves an increase in your daily benefit amount (not counting an increase due to your inflation protection option), your additional premium will be based on your age and the premium rates in effect at the time the increase takes effect. Other coverage increases you request that Long Term Care Partners approves will cause your entire premium to be based on your age and the premium rates in effect at the time the increase takes effect.

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2. Can I decrease my coverage?

Yes. You can request a decrease in your coverage at any time. You can decrease to anything that is available under the Program, and your premiums (which will be based on your original age) will also decrease.

You do not have to undergo new underwriting in order to decrease your coverage.

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3. If I decrease my coverage, can I ever get paid-up benefits, since I've already paid for higher benefits for a long time?

No, our Program does not offer paid-up benefits. At the time you paid for your higher benefits, you were insured for those higher benefits and received that protection for all the years you held the old policy. Your premiums will decrease when your benefits decrease.

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