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
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.
Long−term care insurance means long=term care
More Definitions of Long−term care insurance
Long−term care insurance means any insurance policy
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.
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.
Long−term care insurance means insurance that provides coverage both for an extended stay in a nursing home and home
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
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-