Hybrid or Linked-Benefit Long-Term Care Insurance

IMPORTANT INFORMATION TO GET THE BEST HYBRID LONG-TERM CARE INSURANCE

Hybrid long-term care policies are NOT ALL THE SAME. Here are 7 significant differences to be aware of before you buy. Many financial advisors ONLY OFFER ONE COMPANY'S POLICY. The Association would be glad to connect you with a hybrid long-term care insurance specialist who can compare various plans and help you get the coverage that best meets your needs. We hope you find the information of value. Updated: September, 2020

Compare linked benefit long-term care insurance options

Seven differences between HYBRID LONG-TERM CARE OPTIONS

#1. Long-Term Care VERSUS Chronic Care: When they describe the policy verbally it will sure sound like 'long-term care' but many policies are actually 'chronic care'. The contract you receive AFTER you buy spells out the difference (and you probably won't know how to tell).
The difference come claim time can mean you may NOT get the benefits you expected! What is needed to qualify for benefits may be different and more restrictive.

#2. Benefit Payment Options Differ: Indemnity (cash payment) versus reimbursement can make a big difference.
The difference in how much benefits you can access on a monthly basis and whether or not you must use a licensed provider for your care

#3. Cash Surrender Values Differ:  Some will provide a full refund of the premiums you’ve paid in while others may only provide half and use vesting schedules.

#4. Death Benefits Can Be Reduced:  One policy will provide a death benefit greater or equal to what you paid in. Another will have lower death benefit but higher LTC benefit amounts.

#5. Different Elimination Period:   Typically 90 days but one policy will reimburse retroactively, which can be a huge difference!

#6. 50% More Benefits for Less Than 20% More:   Policies have 'sweet spots' that can get you literally TWICE the potential benefit for maybe an additional 10-to-20 percent more.

#7. Tax Deductibility:   Could be a huge benefit when you are older and can benefit most from a tax deduction! Plus, today, Some policies can use IRA or retirement accounts to fund while other policy’s cannot. Could be a great way to convert taxable money into tax free LTC benefits.


Compare Hybrid Long-Term Care Coverage - The Best Ultimate Benefits - For The Best Cost

There can be significant differences between the growing number of hybrid long-term care policies available today. To understand the differences, it pays to work with a knowledgeable "specialist" who can compare multiple policies and help you get the best coverage for the best price.

To Speak With a Hybrid Long-Term Care Insurance Specialist
Call the American Association for Long-Term Care Insurance
818-597-3227

Click Here to E-mail The Association. We'll Connect With ONE LTC Specialist

The American Association for Long-Term Care Insurance does not sell or recommend any insurance products. If you ask for information, we will connect you with one, independent long-term care insurance specialist who represents multiple insurance carriers and can explain BOTH linked-benefit as well as traditional long-term care insurance.
There is NO COST and NO OBLIGATION to buy from them.

Linked-Benefit Long-Term Care Insurance Information Center
Click on the link read more about comparing hybrid LTC plans. Click This Link To Learn More About Hybrid LTC Plans
  • READ: How To Get The Best Linked-Benefit LTC Policy For The Best Cost
  • READ: Cost Differences: Linked-Benefit Long-Term Care (2020)
  • READ: Key Benefit Differences: Linked-Benefit Long-Term Care
  • READ: You Should Compare Traditional LTC versus Linked-Benefit LTC
  • READ: Discounts Available for Linked-Benefit Long-Term Care Insurance?
  • READ: Single Premium Linked-Benefit Long-Term Care Insurance
  • READ: Long-Term Care versus Chronic Illness Riders

Compare Hybrid Long-Term Care Coverage - The Best Ultimate Benefits - For The Best Cost

There can be significant differences between the growing number of hybrid long-term care policies available today. To understand the differences, it pays to work with a knowledgeable "specialist" who can compare multiple policies and help you get the best coverage for the best price.

To Speak With a Hybrid Long-Term Care Insurance Specialist
Call the American Association for Long-Term Care Insurance
818-597-3227

Click Here to E-mail The Association. We'll Connect With ONE LTC Specialist

The American Association for Long-Term Care Insurance does not sell or recommend any insurance products. If you ask for information, we will connect you with one, independent long-term care insurance specialist who represents multiple insurance carriers and can explain BOTH linked-benefit as well as traditional long-term care insurance.
There is NO COST and NO OBLIGATION to buy from them.