 |
LONG-TERM CARE
John Hancock Custom Care II
Underwritten by John Hancock.
John Hancock is rated "A++ Superior" by A.M. Best
for financial strength.
- Availability
- Policy Maximum Benefits
- Elimination Periods
- Benefit Trigger
- Accessing Benefits - Activities of Daily Living Triggers & Cognitive Impairment
- Benefit Description
- Alternate Plan of Care
- Waiver of Premium
- Inflation Protection
- Other
Availability
This policy is available in all states EXCEPT the following: AK, CA, FL and IN.
Member must meet health guidelines to qualify.
return
to top
Policy Maximum Benefits
Coverage under the plan creates a flexible "pool" of benefit
dollars for each covered member that can be accessed at claim time to
cover the necessary treatment. The insured tailors his/her policy to address
his/her own needs and concerns. The Daily Benefit Amount is $50 to $500 daily and may vary by state.
Lifetime Maximum Benefit: 2, 3, 4, 5, 6, or 10 years or Lifetime.
return
to top
Elimination Periods
As in most insurance products, long term care insurance also has deductibles.
For long term care, these deductibles are called "Elimination Periods."
The first days of coverage that are not covered by the policy are the
Elimination Period. The insured may choose either 30, 60, 90, 180 or 365
days. All Elimination Periods
are applied only once in a lifetime.
return
to top
Benefit Trigger
Chronically Ill and Disabled ("Disabled" means unable to perform
two of the six Activities of Daily Living or Cognitively Impaired.)
return
to top
Accessing Benefits - Activities of Daily Living Triggers & Cognitive
Impairment
In order for a plan to be tax-qualified, the minimum triggers for accessing
benefits are "substantial assistance" ("stand-by" or "hands-on") with two out of six activities
of daily living. These activities are eating, bathing, dressing, toileting,
transferring, and continence.
return
to top
Benefit
Description
Nursing Home, Assisted Living, Adult Day Care or Hospice Care:
covered at 100% of benefit amount. Bed Reservation benefit of 60 days for any reason per calendar year.
Home Care, Skilled Home Care or Informal Home Care: covered at 100% of benefit amount when care provided by Home Health Care Agency or
Certified Home Health Care Provider. Respite Care: Up to 21 days per calendar year. Not subject to Elimination Period.
Must be Benefit Eligible.
return
to top
Alternate
Plan of Care
Covered under the Stay at Home Benefit. Not subject to the Elimination Period and does not reduce the Policy Limit.
If agreed to by you, your licensed health care practitioner
and the company, the company may pay for equipment and services not specifically covered.
return
to top
Waiver of Premium
Once Elimination Period is satisfied and you begin receiving benefits.
return
to top
Inflation Protection
5%, 5% compound; 5%, 3% compound; or 5% simple.
Maximum Daily Benefit and remaining Lifetime Maximum will increase accordingly.
return
to top
Other
Coverage/product may vary by state.
Age/benefit restrictions may apply.