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No payment will be made for any of the following:
There are no limitations or exclusions for pre-existing conditions, or mental and nervous disorders, including Alzheimer's Disease.
COMMENT: Note that many of the exclusions relate to conditions caused by a condition presumed to be brought on by yourself, in other words, self-induced: alcoholism, drug addiction, participation in a felony, riot or insurrection, self-inflicted injury. Services performed by your Immediate Family are not covered because it is presumed that they will be done by the family for no charge. A charge for a service performed by an Immediate Family member is not considered to be legitimate. It is regarded as one which would not be charged if there were no insurance. If, under the law, Medicare is secondary, that means that your insurance company pays first. If Medicare is primary, then your insurance company need not pay because Medicare will. |
Unlike regular health insurance, there are no limitations or exclusions for pre-existing conditions and mental and nervous disorders.
Coordination of Other Coverages with This Company
The provisions in the sample long term care insurance policy clearly state the specific conditions under which benefits will be paid. Most policies contain provisions similar to those outlined below.
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If you have more than one long term care insurance policy or certificate issued or insured with this Company, We will reduce the benefit amounts payable to the extent necessary, so that the combination of Benefits under all of these policies and certificates will not exceed one hundred per cent (100%) of the actual charges for Covered Services.
If you are eligible to receive Benefits under this Policy and any other long term care insurance policy or certificate issued or insured by this Company with a coordination of benefits provision, then the policy or certificate with the earliest effective date will be deemed tore be the primary coverage, and any other policy or certificate will be deemed secondary coverage, in order by effective date, from the earliest to the latest. Policies and certificates without a coordination of benefits provision will pay first.
| COMMENT: Coordination of benefit provisions can be very complicated to apply because each policy may have its own priority system for which policy pays first, second, etc. The goal, of course, is to protect against profiteering. |
The provision will not apply to policies or certificates which pay Benefits without regard to actual charges you incur.
| COMMENT: For example, if another long term care policy was providing long term care on a per diem basis (like this Policy pays for International Coverage, for example), coordination of benefits would not apply. That is because the theory behind coordination of benefits is to keep an individual from profiting from insurance by buying a bunch of policies that are designed and intended to help you cover your incurred long term care expenses and collecting, in essence, multiple benefit payments for the same incurred expenses. This is contrary to the basic insurance concept. A per diem benefit is not designed to do that. It is priced to pay you a specific daily benefit, regardless of expenses you incur. |