| 翻訳と辞書 |
| Long Term Care Benefit Plan ： ウィキペディア英語版 |
Long Term Care Benefit Plan
A Long Term Care Benefit Plan is an option to sell a life insurance policy in return for 30 to 60 percent of the policy value toward long term health care. A funeral benefit payment is made to the account beneficiary when the person receiving care dies.〔(【引用サイトリンク】 title=Questions About Long Term Care Benefit Plans )〕 If the benefit amount is spent while the person is still alive, they are still eligible for Medicaid.
==Overview==
People have a legal right to sell their life insurance policies.〔 Life insurance policies are sold as Long Term Care Benefit Plans to pay for long term care, including assisted living and home care rather than a policy be surrendered or allowing it to lapse.〔
A Long Term Care Benefit Plan is also known as an Assurance Benefit Plan.〔〔(【引用サイトリンク】 title=Converting Life Insurance into Long Term Care Benefits: Life Care Funding's Plan )〕 A Benefit Plan is separate from a long term care insurance policy because it allows policy holders to use any form of life insurance policies to pay for long term care. The plan converts a death benefit into a living benefit.〔 Life insurance policies can be converted into a Long Term Care Benefit Plan for 30 to 60 percent of the policy amount to be used for long term care. The sale of a life insurance policy can keep people off Medicaid. By exchanging a life insurance policy for a Long Term Care Benefit Plan, the benefits go toward long term care including assisted living, home health care, and nursing homes. The conversion takes away the responsibility of premium payments from the family〔 and there is no wait period before benefits begin.〔 The policy transfer is subject to regulatory standards in each state. Benefits are deposited into a FDIC-insured benefit account that follows federal and state banking regulations and is held by a nationally chartered bank and trust company. The benefit payments are then made directly to the health care facility on a monthly basis.〔
If the insured person dies before the benefit period is over, the remaining benefit account is paid to the family or beneficiary as a final expense payment.〔〔 When the benefit is spent down, the person is still eligible for Medicaid.〔〔 All benefit accounts reserve either five percent of the death benefit or $5,000 (whichever is less) to provide a funeral benefit payment to the account’s beneficiary.〔 These Benefit Plans can be funded through companies such as Life Care Funding〔(【引用サイトリンク】 title=Home )〕 and The Lifeline.〔(【引用サイトリンク】 title=Home )〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
■ウィキペディアで「Long Term Care Benefit Plan」の詳細全文を読む
スポンサード リンク
| 翻訳と辞書 : 翻訳のためのインターネットリソース |
Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.
|
|