Long-Term Care and Supplemental Coverage: Rapid Fire
Chapters in this video
What this video covers
- How skilled, intermediate, and custodial care differ by supervision and medical training
- How the tax-qualified activity route uses activities of daily living (ADLs), practitioner certification, and a two-ADL need expected to last at least 90 days
- How the cognitive trigger differs, and why the expected 90-day need is separate from the elimination period
- How calendar-day and service-day elimination periods count time, and how expense-incurred, indemnity, and disability or cash benefits pay
- What compound inflation protection, guaranteed renewable status, class-wide premium increases, and noncancelable premium schedules mean
- How hospital indemnity and accidental death and dismemberment (AD&D) benefits differ from reimbursement of medical expenses
- Why specified-disease and critical-illness policies have narrow triggers, worksite describes the sales setting, and supplemental coverage does not replace comprehensive major-medical coverage
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