Question

What's the main difference between reimbursement versus indemnity types of LTC policy?

Answer 1

Difference between reimbursement versus indemnity types of LTC policy are as follows-

1. Indemnity policies pay a selected daily benefits as soon as one qualifies under the claim regardless of cost of care while Reimbursement policy will pay the daily benefits depending upon the cost of care.

2 . Indemnity policies policies are more flexible in nature than Reimbursement policies as they offer for For anything or Anyone cash disbursement.

3.The indemnity policies are priced higher than that of reimbursement policies.

4. The indemnity policies can provide for family members while a reimbursement doesn't.