New Features May Help Group LTC Insureds Stay Home

November 30, 2004 at 07:00 PM
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NU Online News Service, Nov. 30, 2004, 5:52 p.m. EST

Aetna Inc., Hartford, is beefing up its group long term care insurance benefits package.[@@]

The company has expanded the informal care benefit, which can pay friends and relatives who help patients stay in their homes.

The company also has added a benefit that can help insureds modify their homes and buy special equipment, to keep the lack of a ramp or wheelchair from putting insureds in an assisted living facility or a nursing home.

Other additions include a Shared Care Benefit, which can allow an insured who dies to transfer remaining benefits to a spouse, and a benefit option that can pay for institutional care in settings other than traditional nursing homes and assisted living facilities.

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