SAMPLE REIMBURSEMENT PLANS

JOHN HANCOCK CUSTOM CARE II Enhanced

GE CAPITAL PRIVILEGED CHOICE

Nursing Home:   

Nursing Home:   

Monthly Benefit - $6000
Waiting Period - 90 days
Benefit Period - 4 Years
Waiver of Premium included - after Elimination Period  
after BENEFITS commence

Monthly Benefit - $6000
Waiting Period - 90 days
Benefit Period - 4 Years
Waiver of Premium included - after Elimination Period 
after BENEFITS commence

Home Health Care - 100% of Nursing Home
No Elimination Period for Home /Community Care - OPTIONAL
(9% more in cost - included in premiums below)

Home Health Care - 100% of Nursing Home 
No Elimination Period for Home /Community Care

Elimination Period - 1 week credit given for a day of care

Days of Paid Home Care can be used to satisfy elimination period for Nursing Home if Privilege Care Coordinator used 

Equipment & Home Modification  - Under Stay at Home benefit
Lifetime Maximum: 30 times Daily Maximum Benefit

Equipment & Home Modification, Caregiver Training - included up to 50 times the Daily Maximum Benefit

Paid-up Survivor Rider Included in basic contract

2 out of 6 ADL's (Eating, Bathing, Toileting, Transference, Continence,  dressing) or Severe Cognitive Impairment

2 out of 6 ADL's (Eating, Bathing, Toileting, Transference, Continence, dressing) or Severe Cognitive Impairment

International Coverage - 100% for one year

International coverage is included up to 75% of benefit for 4 years.
For Nursing Home Care only.  No waiver of premium applied.

Doesn't duplicate medicare but days count toward elimination period
No pre-existing conditions

Doesn't duplicate medicare but days count toward elimination period
No Pre-existing conditions

5% Compound Inflation included in premiums

5% Compound Inflation included in premiums.

Contingent Non-Forfeiture Benefit - If rates are raised over a certain  % by age, the insurance company must notify the insured of their  right to terminate, decrease coverage, lapse or remain as is. 
Required by the State of Hawaii in all Long Term Care Plans.

Contingent Non-Forfeiture Benefit - If rates are raised over a certain  % by age, the insurance company must notify the insured of their  right to terminate, decrease coverage, lapse or remain as is.
Required by the State of Hawaii in all Long Term Care Plans.

Return of Premium at Death - If death occurs at age 65, while the policy is in force, a benefit will be paid to a beneficiary equal to total premium  less any benefits paid.

Double Coverage for Accident - Reimburse expenses up to 2 times  the benefit if services needed due to an accident prior to age 65 for the entire duration of the claim.   
Benefits paid in excess of the monthly limit will not be deducted from the overall policy total pool of funds.

With Waiver of Elimination Period for Home Care  

Rates Quoted on a Preferred Basis

Annual

Monthly

Rates Quoted on a Preferred Basis

Annual

Monthly

Male 56

$2315.16

$208.36

 Male 56

$1770.00

$159.30

Female 49

$1962.00

$176.58

Female 49

$1560.00

$144.40

TOTAL

$4277.16

$384.94

TOTAL

$3330.00

$299.70