|When Will I Begin Receiving Benefits?|
When Will I Begin Receiving Benefits?
Benefits Begin When... Your Elimination Period is satisfied!
Most policies have an elimination period (sometimes called deductible or a waiting period). This means benefits can start 0, 20, 30, 60, 90 or 100 days after you start receiving long-term care or become disabled. How many days you have to wait for benefits to start will depend on the elimination period you pick when you buy your policy. Choices above may not be available with all carriers. Some policies have the option of a 0-day elimination period, but expect it will cost more. The shorter the elimination period is the greater the premium. You will be responsible for the paying your own care during the elimination period.
Types of Elimination Periods Offered
You Have a 30 Day Elimination Period with $150 Daily Benefit. On 9/1/2008 you are determined by a physician to be unable to perform 2 of the 6 ADLs with a condition that is expected to last more than 90 days. This means your elimination period can begin.
If you have a product that has:
Satisfaction of Elimination Period methods available:
Disclaimer: Insurance products are
offered through insurance companies with which we have sales
arrangements. Not all products/features may be available in your
state. Check with your Accountant or Tax professional on the tax
issues associated with Long-Term Care insurance purchase and
benefits. Associates of Clifton Park are not a part of Raymond James
& Associates. Securities offered through Raymond James & Associates, Inc. Member FINRA/SIPC
Raymond James financial advisors may only conduct business with residents of states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are addressed on this site. Contact your local Raymond James office for information and availability.