Long Term Care Planning

Connecting You to What Matters Most
Whether it’s your family, your home or your retirement nest egg, a long-term care insurance policy from Mutual of Omaha Insurance Company may be the solution to keeping connections strong by providing benefits to help you pay for long-term care services.

How Long-Term Care Insurance Works
A long-term care insurance policy is designed to help you pay for the long-term care services you need by providing benefits to cover a portion of the cost.

Covered Services
Long-term care insurance policies cover services provided in a variety of settings. Since many people prefer to get the care they need at home, our policies are designed to help you remain there for as long as possible.

Covered services include:

• Personal care services to assist you with everyday activities
• Homemaker services to help with grocery shopping, meal preparation, and housekeeping
• Professional services of a registered nurse, home health aide, or therapist

Should you need more care, our policies also provide benefits for assisted living, nursing home, and hospice care.

Eligibility to Receive Benefits

You’re eligible to receive policy benefits when a licensed healthcare practitioner submits a plan of care that certifies you are chronically ill. That means you need help with at least two of the six activities of daily living for at least 90 consecutive days. These activities include bathing, dressing, eating, transferring, toileting and continence. You also are eligible for benefits if a health-care practitioner certifies you need continual supervision due to a severe cognitive impairment.

How Benefits are Paid

You can choose to receive policy benefits one of two ways – cash or reimbursement.

• • If you elect cash, you receive a percentage of the policy’s home health care benefit, up to a specified amount each month. There’s no elimination period to satisfy. Cash is available beginning on the first day of qualified need and can be used to pay any cost associated with your long-term care expenses
  • If you elect reimbursement, benefits will begin after you satisfy the policy’s elimination period. You will be reimbursed for actual covered long-term care expenses you incur each month, up to the maximum monthly benefit of the policy

As long as you remain eligible for benefits, your policy will continue to pay until your current policy limit is reached.