Long-
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There are three main types of long-term care insurance plans - reimbursement, indemnity, and cash models. The reimbursement model requires submitting receipts for services paid and waiting for reimbursement approval. The indemnity model provides direct payments to care providers after submitting proof of services. The cash model provides monthly benefit payments up to a daily limit for qualifying service days.
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![How do I get the best type of Long-Term Care Insurance Plan? Understand how you and your family are paid at claim time! Reimbursement Model Indemnity Model Cash Model Trigger Benefits by meeting the definition of Chronically Ill Trigger Benefits by meeting the definition of Chronically Ill Trigger Benefits by meeting the definition of Chronically Ill 1. Receive LTC Services & Pay for LTC Services ,[object Object],1. Submit Monthly Request for Benefits 2. Submit Receipts 2. Submit Proof of Services 2. Receive Monthly Benefit 3. Submit Claim Forms 3. Submit Claim Forms Carmen Grinkis, PhD, CLTC Providing Long-Term Care Insurance Consultation, Contract Evaluation, Proposals, and Cost Comparison.. 401.289.0788 Email: drltc@yahoo.com 4. Wait for Company to Review Receipts ,[object Object],5. Wait for Company to Verify Covered Services & Providers ,[object Object],6. Receive reimbursement for amount paid out. 6. Receive cash amount up to daily limit for service days](https://image.slidesharecdn.com/tips-12813693493348-phpapp01/85/Long-1-320.jpg)
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