Return to Original Long Term Care Insurance Discussion Board Archived Index

Re: upgrade offer

Posted by rene apack on October 16, 2002 at 14:40:06:

In Reply to: upgrade offer posted by Cindy Hogan on October 16, 2002 at 12:25:02:

: My mother has a LTC policy with GECA, originally AMEX. She purchased her policy a number of years ago and has Nursing Home and Alternate Care facilities coverage 100% LTC and 60% of nursing home daily benefit for ALF. She did not purchase home and community care benefits at the time. She has been offered an upgrade that will include LTC with 30 days more elimination period, ALF at 80% daily max and home care at 100% of prevailing expenses. This will cost her $915.00 more per year in premiums. How do we make this decision, any advice? She is healthy, age 74, in a home she could navigate without problems, but would be alone.

For $3.00 a day she may need to cover herself with more benefits since the cost of care is increasing. Since she may need home care more realisticaly. It makes good sense.

Rene' Apack
877-467-6763 Toll free

Follow Ups:

Re: upgrade offer Steve eads, CLU 15:48:58 10/18/02 (0)

Re: upgrade offer : : My mother has a LTC policy with GECA, originally AMEX. She purchased her policy a number of years ago and has Nursing Home and Alternate Care facilities coverage 100% LTC and 60% of nursing home daily benefit for ALF. She did not purchase home and community care benefits at the time. She has been offered an upgrade that will include LTC with 30 days more elimination period, ALF at 80% daily max and home care at 100% of prevailing expenses. This will cost her $915.00 more per year in premiums. How do we make this decision, any advice? She is healthy, age 74, in a home she could navigate without problems, but would be alone. : For $3.00 a day she may need to cover herself with more benefits since the cost of care is increasing. Since she may need home care more realisticaly. It makes good sense. : Rene' Apack : 877-467-6763 Toll free

Return to Original Long Term Care Insurance Discussion Board Archived Index

Learn More About Your options...

Texas license # 1270417