DELAWARE INSURANCE DEPARTMENT

How do Benefits and Coverage Vary?

• The amount the policy will pay for each day of long-term care. This amount can be chosen form a range usually between $50 and $250 per day.

• The policy's maximum benefit. All policies must cover at least 12 months of nursing home care, but you can select a policy with benefit periods of two, four, six, ten years, or a lifetime benefit period.

• Elimination period. This is the time you can receive long-term care before benefits begin, usually 30, 60 or 90 days. The longer the elimination period you choose, the lower the premium.

• Home and community care benefits, such as the services of visiting nurses, therapists, and home care aides. The daily benefit must be at least 50% of the nursing home benefit.

• Waiver of premium. This feature allows you to stop paying premiums once you start receiving benefits from the policy.

• Third party notification. To avoid a lapse of the policy for non-payment of premiums, companies must offer to notify a person you designated of that impending lapse.