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The American Association for Long-Term Care Insurance established the National Advisory Center for Short Term Care Information as a benefit to consumers seeking information.

We do not sell insurance (our members do). We do not favor or promote one insurance company over another. When we learn of opportunities that can benefit consumers, we pass along the information. Always work with a knowledgeable insurance professional you trust, read the policy and be sure to ask questions.

Medico Insurance Company's Recovery Care Platinum - An Affordable
Option For Your Long-Term Care Protection

This short-term care policy looks and feels like what most people consider a traditional long-term care insurance policy. Medico's Recovery Care policy can cover home health care, care in an assisted living or skilled nursing home. It also covers adult day care and hospice care.

The lifetime maximum benefit period is 360 days. Just under half (49%) of all long-term care insurance claims last less than 1-year.

Here are some of the things worth considering.

  • The policy can have a 0-Day Deductible; which is especially valuable especially if and when you need care in your own home.

  • There are only 3 options for your Deductible Period (0-Day, 15-Day or 30-Day). Almost all traditional long-term care insurance policies (94%) are sold with a 90-Day Deductible (waiting period before you qualify for any benefits).

  • A short application is used. No medical exams are required.

  • The policy is guaranteed renewable (it can not be cancelled), though the insurer can raise rates.

  • Men and women pay the same amount for equal coverage. A 10% discount MAY be available when BOTH spouses apply.

Who Should Consider The Medico Policy?

Where cost is an issue. Many individuals who apply for traditional long-term care insurance are shocked by the cost for coverage. They can't afford (or choose not to pay) $2,000-to-$4,000 per-person for coverage they may never need and use. A 360-day policy will be much more affordable. It just might be all the coverage you ever need!

Where health is an issue. A short application is used. If you are within the height/weight acceptable levels and answer "no" to health questions, qualification is probable. No Medical Exams are required. However, a telephone interview will be done along with a prescription drug screen.

Where you want a 0-Day Deductible. Most people have a traditional LTC insurance policy with a 90-day deductible (Elimination Period). You may want a policy that starts paying immediately ... and this one does (obviously after you qualify).

Women who are single (living alone) will pay more (up to 40% more) for traditional long-term care insurance. This policy charges women and men the same rates.

Receive More Information

To request information from a licensed agent, call the American Association for Long-Term Care Insurance at 818-597-3227 or Click here to request information via Email.

How Much Does Coverage Cost

Rates will vary by State. But here are approximate rates (Illinois) for various combinations of Elimination Period (Deductible) and Benefit Period. You must speak with a licensed insurance professional to get rates. Call us and we'll gladly connect you to one familiar with the Medico and other Short Term Care Insurance products.

A $150-Daily Benefit that can pay for 360 days can provide a maximum benefit value of $54,000.

HTML Table Caption
ISSUE AGE 60
$150 Daily Benefit, 360 Day Benefit, 30 Day Deductible$687-per-year
$150 Daily Benefit, 360 Day Benefit, 0 Day Deductible$780-per-year
$150 Daily Benefit, 240 Day Benefit, 15 Day Deductible$504-per-year

HTML Table Caption
ISSUE AGE 65
$150 Daily Benefit, 360 Day Benefit, 30 Day Deductible$1,076-per-year
$150 Daily Benefit, 360 Day Benefit, 0 Day Deductible$1,220-per-year
$150 Daily Benefit, 240 Day Benefit, 15 Day Deductible$793-per-year

HTML Table Caption
ISSUE AGE 70
$150 Daily Benefit, 360 Day Benefit, 30 Day Deductible$1,610-per-year
$150 Daily Benefit, 360 Day Benefit, 0 Day Deductible$1,815-per-year
$150 Daily Benefit, 240 Day Benefit, 15 Day Deductible$1,200-per-year

HTML Table Caption
ISSUE AGE 75
$150 Daily Benefit, 360 Day Benefit, 30 Day Deductible$2,610-per-year
$150 Daily Benefit, 360 Day Benefit, 0 Day Deductible$2,975-per-year
$150 Daily Benefit, 240 Day Benefit, 15 Day Deductible$2,010-per-year


State-Specific Information for the Medico Recovery Care Product

This policy is approved in 32 states. To work with an expert in your State, call the Association offices at (818) 597-3227. Medico Recovery Care Approved States

APPROVED IN THE FOLLOWING STATES

  • Alabama
  • Arizona
  • Arkansas
  • Colorado
  • Delaware
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kentucky
  • Louisiana
  • Maine
  • Michigan
  • Missouri
  • Mississippi
  • Montana
  • Nebraska
  • Nevada
  • New Mexico
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • Texas
  • Utah
  • Virginia
  • West Virginia
  • Wisconsin
  • Wyoming