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Change Type Sizes

• Facilities-Only or Comprehensive
• Daily Benefit Amount
• Benefit Period
• Waiting Period
• Inflation Protection Option

Benefit Period

This is the length of time benefits will be paid if you receive benefits each and every day equal to your DBA. You can choose from either a 3 Year, 5 Year or Unlimited Benefit Period.

If you receive services which are reimbursed at less than your DBA or you don’t receive services every day, your benefits will last longer than your Benefit Period.

What Benefit Period is Right for You?

The average length of a nursing home stay is currently 2.4 years,⁴ and many people use other forms of long term care before entering a nursing home. A 3 Year Benefit Period would likely cover many of those expenses.

However, future advances in medical care could mean longer life expectancy, and a greater chance of outliving your benefits. For this reason, you may wish to consider the 5 Year Benefit Period or the Unlimited Benefit Period.

What is a Maximum Lifetime Benefit?

This is the maximum amount your plan could pay. To calculate your Maximum Lifetime Benefit, multiply your DBA by your Benefit Period (in days). (The Unlimited Benefit Period has no Maximum Lifetime Benefit.)

For example, to calculate your Maximum Lifetime Benefit with a DBA of $100 and a 3 Year Benefit Period,multiply:

DBA x 3 years = The Maximum Lifetime Benefit

Or:

$100 x 1,095 days (3 x 365) = $109,500