Selecting
a Level of Coverage (Daily Benefit Allowance)
The plan offers a range of daily benefit allowances. Prior to enrolling,
you can select the daily cash benefit you wish to receive each day you
qualify for benefits. You may select any whole-dollar amount from $60
to $300 per day in $1 increments. Individuals who receive care in an eligible
nursing facility are eligible for the full selected daily benefit allowance.
Those who receive care in an assisted living facility receive payment
of 80 percent of the daily benefit allowance. Care in the home or in other
informal settings is eligible for 50 percent of the selected daily benefit
allowance.
Optional
Coverages
Three- or
Five-year plan
You choose a three- or five-year plan. Your lifetime
maximum will be an amount equal to the number of days in three years
(1,095 days) or five years (1,825 days) multiplied by your chosen
daily benefit amount. Benefits (at a reduced daily level) will last
longer when care is received outside a nursing facility (therefore,
benefits under a three-year plan, for example, may extend beyond three
years).
Return of
Contribution
You choose whether or not to have Return of Contribution.
This optional coverage provides that premiums paid are returned to
a beneficiary if the member dies. For employees, the amount returned
decreases 10 percent per year after age 65 or upon retirement, whichever
is later.
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