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MutualCare Portfolio - LTC
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MutualCare Secure Solution |
MutualCare Custom Solution |
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Gives people the security of knowing they have some measure of protection. Find paper applications and forms in Forms & Materials |
Provides flexibility to manage LTC expenses and control how benefits are spent. Find paper applications and forms in Forms & Materials |
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Issue Ages |
30-79 30-75 |
30-79 30-75 |
Policy Limit |
Benefit multiplier determines policy limit (benefit multiplier x maximum monthly benefit = policy limit) Options 24, 36, or 48 months |
Pool of dollars determines policy limit Options $50,000 to $500,000 in $500 increments |
Maximum Monthly Benefit |
$1,500 to $15,000 per month in $1 increments |
$1,500 to $15,000 per month in $50 increments (Valid amounts range from 1% to 4% of policy limit) |
Elimination Period |
90, 180 or 365 calendar days |
0, 30, 60, 90, 180 or 365 calendar days |
Cash Benefit |
25% of home health care benefit up to $2,000 per month |
25% of home health care benefit up to $2,000 per month |
Cash Benefit |
30% of home health care benefit up to $2,400 per month |
40% of home health care benefit up to $2,400 per month |
Policy Benefits |
Nursing Home 100% Assisted Living & Home Health Care 50%, 75% or 100% of maximum monthly benefit Stay-at Home Benefits Up to 2 times the maximum monthly benefit Adult Day Care Up to 100% of home health care benefit Hospice Care No limit |
Nursing Home 100% Assisted Living & Home Health Care 50%, 75% or 100% of maximum monthly benefit Stay-at Home Benefits Up to 2 times the maximum monthly benefit Adult Day Care Up to 100% of home health care benefit Hospice Care No limit |
Additional Benefits |
Bed Reservation 30 days per calendar year Respite Care 30 days per calendar year (no elimination period) Alternate Care Benefit Available when care coordinator is used Waiver of Premium International Benefit Maximum monthly benefit for up to 1 year |
Bed Reservation 30 days per calendar year Respite Care 30 days per calendar year (no elimination period) Alternate Care Benefit Available when care coordinator is used Waiver of Premium International Benefit Maximum monthly benefit for up to 1 year |
Inflation Protection Options |
Compound (Lifetime) 3%, 4% or 5% (no buy-up option) Compound (Other Durations) 20-Year: 3% or 5% (no buy-up option) No Inflation Protection Available |
Compound (Lifetime) 1% to 5% in .25% increments (with buy-up option) Compound (Other Durations) 10, 15 or 20-Year: 1% to 5% in .25% increments (with buy-up option) No Inflation Protection Available |
Premium Allowances |
Partner
Preferred 15% Association Group 5% Producer 5% Common Employer 5% |
Partner
Preferred 15% Association Group 5% Producer 5% Common Employer 5% |
Premium Allowances |
Partner
Preferred 15% Association Group 5% Producer 5% Common Employer 5% |
Partner
Preferred 15% Association Group 5% Producer 5% Common Employer 5% |
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