Short-Term Care Insurance
Short-term care insurance is a type of policy that provides coverage for shorter care needs, typically lasting less than a year. It helps cover costs associated with home health care, assisted living, and stays in nursing homes. With smaller benefit periods, these policies are more affordable than long-term care insurance and have simpler underwriting. This product can also be used to fill gaps with LTCI, such as covering an elimination period.
Short-Term Care Insurance Highlights
- Available for individuals up to age 89
- Offers a shorter benefit duration
- More affordable premiums than LTCI
- Covers care in multiple settings
- Not available in every state
Why Offer Short-Term Care Insurance?
Short-term care insurance offers a viable solution to your clients that are planning for extended care but have waited too long and no longer qualify for LTCI due to age or health. When qualifying for benefits, your client would not have to meet a 90-day certification nor is the agent required to complete LTCI continuing education credits.
