Long Term Care policies that provide coverage for not less than one year for diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services provided in a setting other than an acute care unit of a hospital, including policies that provide benefits for cognitive impairment or loss of functional capacity. This includes policies providing only nursing home care, home health care, community based care, or any combination. The policy does not include coverage provided under comprehensive/major medical policies, Medicare Advantage, or for accelerated heath benefit type products. What is Long Term Care policies, What does mean Long Term Care policies, Insurance Guide, Insurance Glossary
Written Premium the contractually determined amount charged by the reporting entity to the policyholder for the effective period of the contract based on the ex... more
