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Chapter 5: Long Term Care Insurance - Coggle Diagram
Chapter 5: Long Term Care Insurance
Benefits
Rehabilitation Benefit
Reduced benefit paid when
insured makes partial recovery
Financial Assistance
with Adaptation Benefit
Payable for use of assistive devices
Extended Care Benefit
Extra monthly benefit paid
every 3 - 5 years
Eligibility
Advanced dementia
Excluding neurosis and
psychiatric illnesses
Unable to perform ADLs after deferment period
Fulfills deferred period requirement
of usually
90 days
CareShield Life
Lifetime cash payouts
Premiums can be fully paid
with Medisave
Government subsidies for
affordable premiums
Start at $600 a month
Medisave Care
Up to $200 per month
from MediSave for those
with severe disabilities
ElderFund
Types
Disability-based
Benefit paid when insured meets a
benefit trigger
Service-based
Benefit paid when insured incurs costs
for covered services (home care)