Question

what do we mean when we say that the long- term care system is reimbursement driven?

Answer 1

Long term care system is a form which pays the patient for the cost of treatment where long term care is needed.It is one of the insurance product sold.It covers home care assisted living, adult day care, hospice care, respite care nursing home,and certain disabilities.

The tax are reduced or nil

Long term care is not covered in Medicaid or Medicare so people after 65 decide taking this

It provides a monthly cash benefits than the expense incurred.

Indemnity long term care include of making monthly deposit in bank and he reimbursement may increase

The supplement payment amount are automatically added to reimbursement payment

Hence the long-term care is reimbursement driven