MINNEAPOLIS, Minn. — GoldenCare USA and American Independent Marketing explain their new portfolio of long-term care products from United of Omaha Life Insurance Company, a Mutual of Omaha company, as providing benefits that coincide with the progression of care and costs normally occurring in a long term care scenario.
In the early stages of a long term care situation, family members typically step in to provide care for a loved one. But there’s usually a cost associated with that care. Whether it’s an airline ticket, rental car or the lost wages of the caregiver, the CASH-First Advantage benefit makes funds available when they’re needed most – on the First Day of benefit eligibility.
As the need for care increases, so do the costs. Eventually, more care than family members can provide may be necessary. After satisfying the elimination period, a CASH-First(SM) policy can switch to reimbursement mode to cover actual long term care incurred expenses such as home health care, assisted living and nursing homes, as needed, up to 100 percent of the policy’s maximum monthly benefit.
The fact that a CASH-First(SM) policy can reimburse incurred expenses or continue to be a monthly cash benefit long term care policy until the maximum lifetime benefit is exhausted provides maximum flexibility to family caregivers to provide for the care of their loved one for as long as possible.
Cash benefit policies have long provided maximum flexibility and peace of mind, but often were viewed as too expensive. Now, United of Omaha makes cash benefit / reimbursement policies available at rates comparable to other companies’ policies that only pay for reimbursement of eligible incurred expenses.
United of Omaha’s CASH-First(SM) Advantage is available on both individual and workplace products.
For more information, go to www.cashfirstltc.com or call CASH-First(SM) Marketing at 800-566-2097.