Manhattan Life Insurance Review

Manhattan Life Insurance Company is a privately held insurance company founded in 1850, making it one of the oldest life insurance companies in the United States.

They offer a variety of insurance and annuity products for individuals and families, including short-term care policies providing benefits for all types of extended care, like in-home care, assisted living, and nursing homes.

The company offers limited benefit plans, not traditional Long-Term Care Insurance. However, these policies can be very valuable as a solution for extended care needs, especially for those with certain pre-existing health issues that make it harder to obtain traditional or hybrid Long-Term Care Insurance.

These policies can also be added to an existing older Long-Term Care policy to provide additional benefits at a low cost.

Manhattan Life "OmniFlex" Features

• Nursing home/assisted living facility benefits up to $300 a day
• Benefits paid over 360 days
• Restoration of benefits allows policyholder who recovers and goes 180 days without requiring care an additional 360 days of benefits
• Bed reservation benefits of 10 days
• Home care benefits up to $300 a day
• Benefits for in-home care paid over 360 days
• Restoration of benefits allows policyholder who recovers and goes 180 days without requiring care an additional 360 days of benefits of in-home care
• Hospital indemnity benefit of $50 per night for a maximum of six nights in the hospital per hospital stay - a maximum of 180 nights in the hospital lifetime
• Elimination period of 90 days for facility, 20 days for in-home care
• Optional 5% simple inflation rider
• Prescription drug indemnity benefit of $10 for every generic and $25 for every brand name for a maximum of $300 per year. This benefit has nothing to do with your health insurance or Medicare

OmniFlex Not Partnership Certified

Since the Manhattan Life "OmniFlex" policy is not a traditional long-term care policy, it is not certified as a partnership policy under state and federal law.

You can learn more about the federal/state partnership program - What is a Long- Term Care Partnership Policy?

Find State-Specific Information

OmniFlex is only available in some states. The LTC NEWS Cost of Care Calculator also provides state-specific information, including if the state allows these limited-duration/short-term care indemnity plans to be marketed.

Claims

If you own a Manhattan Life policy and seek help submitting a claim, LTC NEWS offers free - no-obligation assistance - including help finding quality caregivers and facilities. Since most agents have little or no experience in this area, this assistance can be beneficial for the entire family - Filing a Long-Term Care Insurance Claim | LTC News

Shopping for Long-Term Care Insurance?

Remember that numerous state and federal regulations exist when shopping for Long-Term Care Insurance coverage and related products. Each state's insurance department regulates products and premiums.

Because of regulation, an insurance agent, agency, or financial advisor cannot give a consumer a special discount that is not available otherwise.

Use all the tools and resources available on LTC NEWS to help you in your research - Resources for Long-Term Care Planning.

Underwriting

Long-Term Care Insurance is medically underwritten, and every company has underwriting rules that determine insurability and rate class.

Underwriting for short-term cash indemnity products is much less conservative than traditional Long-Term Care Insurance; however, there is underwriting, and some pre-existing health issues may make you ineligible for coverage.

An experienced Long-Term Care Insurance specialist will understand these underwriting rules when helping you select the best company and policy options.

Be sure to seek the assistance of a qualified Long-Term Care Specialist to compare each policy's features, benefits, and costs. You can find a trusted and qualified specialist representing the major insurance companies that offer these products - Work With a Specialist | LTC News.

Please note: Since every company has different underwriting rules, you could be eligible for coverage with one company and not another.

State variations for these products may apply.