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Daily Benefit

Quick Answer

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.

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Detailed Answer

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.

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