sufficient to meet
benefit triggers. (142) If a policy is "tax
Under the federal CLASS Act (Community Living Assistance Services and Support Act),
benefit triggers will parallel private sector triggers, although it has yet to be determined whether the law will require meeting two or three activities.
Stinson said today's
benefit triggers and underwriting evolved together over the past three decades.
The reality, of course, has been that the details of the Medicare medication
benefit triggered continued partisan conflict, and if a bill is enacted by the time this article reaches press, it won't have been without a great deal of battlefield fire and smoke.
Companies incorrectly compare these two different types of policies, forgetting that the LTCI
benefit triggers and the duration of these claims at older ages are much shorter than DI claims at younger ages.
In addition to an insurer's financial strength, and the benefits, costs and
benefit triggers, etc., of purchasing an LTC insurance policy, a 10-pay option and a nonforfeiture provision are important in choosing a policy.