Hello Wise LTC Ones,
I hope all is well. I have been looking at a Med America policy. Although it's more expensive policy than my Genworth, but not by a whole lot, it has some features that seem to be attractive to me.
First, they give you a cash benefit for the month. That is very appealing. You can have anyone you want provide care for you. Secondly, they use calendar days as opposed to service days to determine your elimination period, so your elimination period would go by faster. Thirdly and importantly, you can use this benefit for anyone who is giving you care including family or friends. That gives one great flexibility.
The cash benefit without all of the hassles sets them apart from Genworth. Genworth requires we use a providers to determine all of our long term needs. Med America does not, they seem to be much more simple in determining your eligibility and paying the claim than Genworth.
Do any of you have thoughts on them?
I hope all is well. I have been looking at a Med America policy. Although it's more expensive policy than my Genworth, but not by a whole lot, it has some features that seem to be attractive to me.
First, they give you a cash benefit for the month. That is very appealing. You can have anyone you want provide care for you. Secondly, they use calendar days as opposed to service days to determine your elimination period, so your elimination period would go by faster. Thirdly and importantly, you can use this benefit for anyone who is giving you care including family or friends. That gives one great flexibility.
The cash benefit without all of the hassles sets them apart from Genworth. Genworth requires we use a providers to determine all of our long term needs. Med America does not, they seem to be much more simple in determining your eligibility and paying the claim than Genworth.
Do any of you have thoughts on them?
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