1. Quick LTC Fact: Reimbursement vs. Indemnity

    Reimbursement: Reimbursement means the policyholder is paid after services are received. The amount paid back to the policyholder is based on the either a daily or monthly amount (up to a pre-selected limit) for qualified services provided. The policyholder must maintain and submit receipts to their insurance company to receive payment. Daily reimbursement plans are common among Traditional long-t…Read More