Daily Benefit

The maximum amount of money a Long-Term Care policy will pay for covered care services each day. Typically, policies will have anywhere from $50.00 per day to maximum levels of $400 a day or more depending on the insurance company and the state of purchase. Many policies offer monthly benefits instead of daily benefits which pay benefits based on bills received in a month instead of a day.

Follow Matt McCann On Social Media

Be informed of industry news and topics as they occur.