Do You Have Limited Family Options? Then You Especially Need a Home Health Plan
Watch the Short Overview
About home health care
Who is a Home Health plan for
This plan is a good fit for people who want to 1) Plan ahead for the unknown 2) Add to their budget 3) Protect their quality of life 4) Lessen the burden on their family or friends.
Why you should consider obtaining Home Healthcare plan?
- Create a funding source for care at home
- Create additional funding when Medicare or the VA already pays the Home Health bill
- Help support non-medical day-to-day care you need
- Give you more flexibility and peace of mind
- Bring in an additional funding source for funeral expenses when you do go on hospice
Why having a separate Home Health Plan matters
Many people assume their Medicare plan will fully protect them if they ever need help, especially at home. What they often find out later is that some medically-based services may be covered, but everyday non-medical help is much harder to fund. That can leave people relying on family, draining savings, or feeling pushed toward a facility simply because they do not have enough support at home.
We are here to help you understand that gap and explore a strategy that may help create a funding source for the kind of support that makes daily life easier.
Can I still buy the plan if I have pre-existing conditions?
Pre-existing conditions are fine but have a six month waiting period for Home Health benefits. All other benefits and new conditions are available for immediate benefit. All that matters is that you are NOT in a skilled nursing facility or on current Home Health benefits.
Understanding Home Healthcare
Many people assume home healthcare is fully covered the way they expect. In reality, there is often a big difference between medical home healthcare and non-medical home healthcare, and that gap can create real stress for families.
What is Medical Home Healthcare
Medical home healthcare may include services like skilled nursing, physical therapy, occupational therapy, speech therapy, respiratory therapy, and wound care. In some situations, Medicare may help cover these medically-based services.
What is Non-Medical Home Healthcare
Non-medical home healthcare may include help with bathing, dressing, meals, bedding changes, light housekeeping, mobility support, and other day-to-day needs at home. This is often the kind of support families need most, and it is also where many people discover they have the biggest gap.
Is this Home Health plan expensive
Assuming you qualify, it’s actually very affordable. This is what is called an indemnity plan which reimburses you for many things you likely are using today. For instance, $25 per medication filled(up to $600/yr), $200 for a physical, $100 per Dental visit(up to 2/yr). This money can be used to offset your annual premiums and now you have an affordable Home Health plan when you need it.
How This Strategy May Help
By putting a separate Home Health plan in place, this helps individuals and families bring in additional resources when you need it most. This funding strategy will create cash benefits for care at home. Depending on eligibility and plan design, it may provide access to substantial benefits that can help support medical & non-medical home healthcare and give families more flexibility.
Details about the plan
Details about the Home Health Plan
How much Home Healthcare benefit is there in these plans?
Up to $180,000 in one year. And if you ever go 6 months without utilizing the benefit, it goes back to zero. If you utilize the full $180,000 without a 6 month gap, you’ve exhausted the benefit and the plan ends.
How long can I keep the plan
One of the great things about this plan is once you get the plan in place, you can keep as long as you want. There is no expiration or Age Out date.
Who is eligible to apply
- Anyone under the age of 86 and can meet the following criteria:
- You cannot currently be in a Skilled Nursing facility?
- You cannot currently be receiving Home Health benefits?
You CAN have pre-existing conditions but cannot utilize the Home Health benefits of the plan for 6 months from symptoms stemming from that pre-existing condition. All other symptoms are eligible for immediate benefit.
How much does this plan cost
This plan is an Indemnity Plan, meaning it pays directly to you regardless of what things cost you. We submit a claim, you get a check that correlates with a specific schedule(request brochure to see payout schedule). There are indemnity benefits outside of Home Health specific benefits to help you offset the cost of premium. This makes the plans even more affordable for you.
Cost of Plan before Reimbursements for everyday expenses:
Age 18-60 is $771.60 per year, Age 61-75 is $1178.50 per year, Age 76-86 is $1666.50 per year for life.
Everyday care and Preventative Care Reimbursements totaling up to $1180 per year:
- $600 - $25 per Rx(up to $600 per year)
- $200 for annual Physical Exam
- $200 - $100 per Dental exam(up to 2 per year)
- $80 - for annual Vision Exam
- $100 - for annual Hearing exam
Example Net Costs: If you’re on 2 prescriptions(1), get a physical(2) and your teeth cleaned(3)...this drops your net price of the plans for Ages 18-60=-$218.40(you made money), Ages 61-75=$178.50, Ages 76+ $666.50 per year. Great value to have access to $180,000 worth of benefit.
request your brochure today to find out more
this strategy may be a fit for your situation.
Explore Other Home Healthcare Topics
Learn how families can plan ahead for care at home before a crisis happens.
See how planning ahead may help when daily help from family or friends is limited.
Explore a practical way to prepare for care at home without relying only on your current plan.
Offer clients a referral solution for aging-parent planning and home-care funding.
Help families explore an option that may increase the budget available for care.
Address a major home-care gap many Medicare clients do not fully understand