Press release
New Short-Term Care Insurance Offers Seniors Affordable Options
Aging seniors can benefit by learning about a new short-term care insurance policy
"Short-term care insurance policies can provide coverage similar to long-term care insurance with several distinct advantages," Slome notes.
"The better ones focus on home care benefits which is what people want," Slome notes. "People can apply for them well into their 80s and many will accept applicants with health conditions that would make it impossible for them to qualify for traditional long-term care insurance."
The newest short-term care insurance policy to hit the marketplace comes from Wellabe, formerly going by the name Medico Insurance Company. "There is only one health-related knock out question which opens the door for prospects who have some cancer-related or other common health issues," Slome adds.
The long-term care insurance expert adds that these policies are especially attractive for older women who are single, divorced or widowed. "They don't charge the significant added differential found with traditional LTC policies," he adds.
Slome notes that the policy includes two consumer-friendly features that add value. "There is a $500 home modification benefit and a $500 care coordination benefit," he notes. "The company should be commended for including these two features.
To learn more about the new product, and watch a video with brief information, go to https://www.aaltci.org/wellabe-short-term-care-insurance/.
AALTCI
32504 Carrie Place
Westlake Village, CA 91361
Jesse Slome is director of the American Association for Long-Term Care Insurance (https://www.aaltci.org). The organization advocates on behalf long-term care protection and supports insurance professionals who market various long-term care protection products.
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