1. An Affordable Approach to
Covering the High Cost of
Nursing Home Care
Policy Form B 9305
Short-Term Care
®
Senior Security Series®
Providing up to 360 days
of nursing home benefits
per confinement
The Strength of Experience
B 9305 STC SB2013 (1-13)
3. Example of the Average Cost of Nursing Home Care
in a Semi-Private Room for 360 days:
Average Length of Nursing Home Stay: 411 Days
Solution: With a Bankers Fidelity®
Short-Term Care Policy
$220 per day / 360 day benefit
That’s a Difference of:
Length of stay in nursing homes varies widely and can be measured in a variety of
ways. The average length of stay for a patient under the age of 85 was 411 days.¹
67% of people discharged from nursing homes stayed for three months or less.²
Medicare
Approved*
YOU PAY:
$0
YOU PAY:
$67,480*
YOU PAY:
$67,480
Not
Medicare
Approved
YOU PAY:
$4,280
YOU PAY:
$72,760
YOU PAY:
$77,040
Medicare
Approved
YOU PAY:
$0
YOU PAY:
$0
YOU PAY:
$0
Not
Medicare
Approved
YOU PAY:
$4,280
YOU PAY:
$0
YOU PAY:
$4,280
Medicare
Approved $67,480
At age 65, a Non-Tobacco male with a $220 per day/
360-day benefit would have to pay premiums of $76.56††
monthly for at least 73 years before the insurance
coverage would cost this much!
Not
Medicare
Approved
$77,040
At age 65, a Non-Tobacco male with a $220 per day /
360-day benefit would have to pay premiums of $76.56††
monthly for at least 83 years before the insurance
coverage would cost this much!
0-20 days 21-360 days Total
0-20 days†
21-360 days Total
²Source: AARP, Nursing Home Fact Sheet, February, 2001
¹Source: 2004 National Nursing Home Survey prepared by Division of Health Care Statistics, Long-Term Care Statistics
Branch; June 2008
†
30-day elimination period in TN.
*Medicare covers skilled care in a skilled nursing
facility (SNF) if you have Medicare Part A
(Hospital Insurance), a qualifying hospital stay of
three consecutive days or more and your doctor
has decided that you need daily skilled care.
The SNF providing these services must be
certified by Medicare and the stay must be for
a medical condition that was treated during a
qualifying three-day hospital stay.
With Bankers Fidelity’s Short-Term Care, if your stay is
less than one year and Medicare approved, you pay $0.
††
Rates for GA shown; rates vary by state.
Rates subject to change on a class basis.
(at $214 per day)
* 21-100 days at $148 per day = $11,840
+ 101-360 days at $214 per day = $55,640
= $67,480
B 9305 STC SB2013 (1-13)
4. End of Policy Year
Base Policy
With 5% Simple Inflation
1 2 3 4 5 6 7 8 9 10 15 20
250
200
150
100
50
0
DailyBenefit
PROPOSAL A PROPOSAL B
Benefit Period: 180 Days Benefit Period: 360 Days
Lifetime Maximum: 360 Days†
Lifetime Maximum: 720 Days†
Elimination Period: 20 Days (30 in TN) Elimination Period: 20 Days (30 in TN)
Inflation Benefit: ❐ None Inflation Benefit: ❐ None
❐ 5% Simple Interest* ❐ 5% Simple Interest*
Daily Benefit: ❐ $20** ❐ $30 ❐ $40 Daily Benefit: ❐ $20** ❐ $30 ❐ $40
❐ $50 ❐ $60 ❐ $70 ❐ $50 ❐ $60 ❐ $70
❐ $80 ❐ $90 ❐ $100 ❐ $80 ❐ $90 ❐ $100
❐ $110 ❐ $120 ❐ $130 ❐ $110 ❐ $120 ❐ $130
❐ $140 ❐ $150 ❐ $160 ❐ $140 ❐ $150 ❐ $160
❐ $170 ❐ $180 ❐ $190 ❐ $170 ❐ $180 ❐ $190
❐ $200 ❐ $300 ❐ $200 ❐ $300
Premium Calculation
Annual Premium per $10 unit:....................= $______________
× Number of Units _______ ..................= $______________
= Total Annual Premium:.............................= $______________
× Modal Factor ________ ......................= $______________
+ One-time Policy Fee................................ $______________
= Total Initial Premium................................ $______________
Premium Calculation
Annual Premium per $10 unit:....................= $______________
× Number of Units _______ ..................= $______________
= Total Annual Premium:.............................= $______________
× Modal Factor ________ ......................= $______________
+ One-time Policy Fee................................ $______________
= Total Initial Premium................................ $______________
*Simple Interest Inflation Rider not available in DE or OH.
*Simple Interest Inflation Rider not available in DE or OH.
**$30 minimum benefit in GA.
†Restoration of benefits not included in DE;
In NM and PA, restoration is only included on 180 day benefit plan.
Design a plan to meet your needs and budget
Valuable protection against future inflation
Optional 5% simple interest Inflation Protection Benefit Rider (B9305 R1 (R06-05))* provides increasing
benefits to help protect against rising nursing home costs. Daily Benefit increases annually for 20 years.
Inflation Benefit Illustration
(Beginning Benefit = $100 per day)
B 9305 STC SB2013 (1-13)