Mel Gambrell

Special Note For: Home Care Short Term Plans

What you don’t spend, you keep!

Example: If you qualify for a fixed cash benefit of $300 per day for 365 eligible days, the total is $109,500 for that period.

If recovery care from medical professionals costs approximately $165 per day—about $5,000 per month—and your qualifying cash benefits average $9,125 per month, you could keep the difference: $4,125 per month. Use it to help replace missed income, pay off bills or cover other needs.

Under a policy that pays cash benefits directly to you, payment is made in your name rather than to your doctors or hospitals, unless you assign benefits or the contract provides otherwise.

What you don’t spend on medical care, you keep!

This example applies only to qualifying fixed cash/indemnity benefits that are not reduced to actual expenses. Reimbursement coverage may pay only eligible charges up to its daily maximum, leaving no difference to retain. A $300 daily maximum alone does not guarantee a $300 payment. All benefit triggers, eligible-care requirements, limits and policy terms apply.

Calculation: $300 × 365 = $109,500; ÷ 12 = $9,125 average monthly equivalent; less an assumed $5,000 monthly care cost = $4,125 before premiums and other costs. The $165 daily care cost is approximate; it does not equal exactly $5,000 in every month. Monthly equivalents are averages, not guaranteed monthly payments. This example assumes 365 eligible paid days and does not establish a recurring annual benefit.