Reimbursement

Reimbursement is the standard way that a Long-Term Care Insurance policy will pay the policyholder (or provider) at the time of claim. The insured or a care provider submits a claim for the charges for the care delivered, and the claim is paid up to the daily or monthly maximum specified in the policy. See also Indemnity and Cash Benefit.

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IRS Announces 2016 Deductible LTC Insurance
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IRS Announces 2016 Deductible LTC Insurance

The Internal Revenue Service has announced the 2016 tax deductible limits for Long-Term Care Insurance. Many state and federal tax advantages are available to help consumers make affordable LTC insurance part of their retirement.

10-21-2015
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