Long−term care insurance definition

Long−term care insurance means insurance that pri- marily provides coverage for care that is provided in institutional and community−based settings and that is convalescent or custo- dial care or care for a chronic condition or terminal illness. The term does not include a medicare supplement policy, as defined in
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Long−term care insurance means insurance that provides coverage both for an extended stay in a nursing home and home health services for a person with a chronic condition. The insur- ance may also provide coverage for other services that assist the insured person in living outside a nursing home, including but not limited to adult day care and continuing care retirement communi- ties.
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Long−term care insurance means long=term care
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More Definitions of Long−term care insurance

Long−term care insurance means any insurance policy
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Long−term care insurance means any insurance policy or rider advertised, marketed, offered or designed to provide cov- erage for not less than 12 consecutive months for each covered person on an expense incurred, indemnity, prepaid or other basis; for one or more necessary or medically necessary diagnostic, pre- ventive, therapeutic, rehabilitative, maintenance or personal care services, provided in a setting other than an acute care unit of a hospital. The term includes group and individual annuities and life insurance policies or riders that provide directly or supple- ment long−term care insurance. The term also includes a policy or rider that provides for payment of benefits based upon cogni- tive impairment or the loss of functional capacity. The term includes qualifying partnership policies. Long−term care insur- ance may be issued by insurers; fraternal benefit societies; non- profit health, hospital, and medical service corporations; prepaid health plans; health maintenance organizations or any similar organization to the extent they are otherwise authorized to issue life or health insurance. Long−term care insurance does not include an insurance policy that is offered primarily to provide basic Medicare supplement coverage. With regard to life insur- ance, this term does not include life insurance policies that accel- erate the death benefit specifically for one or more of the qualify- ing events of terminal illness, medical conditions requiring extraordinary medical intervention or permanent institutional confinement, and that provide the option of a lump−sum payment for those benefits and where neither the benefits nor the eligibility for the benefits is conditioned upon the receipt of long−term care. Notwithstanding any other provision of this section, any product advertised, marketed or offered as long−term care insurance shall be subject to the provisions of this section.
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Long−term care insurance means insurance which is pro- vided under s. 40.55, Stats., and which qualifies as an accident and health plan under section 106 of the internal revenue code.
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Long−term care insurance means any insurance policy or rider advertised, marketed, offered, or designed to provide coverage for not less than twelve consecutive months for each covered person on an expense=incurred, indemnity, prepaid, or other basis, for one or more necessary or medically necessary diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services that are provided in a setting other than an acute care unit of a hospital. "Long=term care insurance" includes group and individual annuities and life insurance policies or riders that directly provide or supplement long=term care insurance. The term also
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Long−term care insurance means insurance that pri- marily provides coverage for care that is provided in institutional and community−based settings and that is convalescent or custo-
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Long−term care insurance means insurance that provides coverage both for an extended stay in a nursing home and home
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Related to Long−term care insurance

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Health care insurer means a disability insurer, group

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Franchise insurance means an individual insurance policy provided through a

  • Ocean marine insurance means insurance against loss of or damage to:

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.