AARP Short-Term Care Insurance from Medico pays benefits when you receive care services in a nursing home, in an assisted living facility, at home, in adult daycare, or even in hospice. The plan allows you to transition from receiving one type of care to another, so your benefits will travel with you. And the policy is structured to maximize the benefits you receive across the full term you select — if you choose a plan with 240 days of benefits, you don’t have to receive care for 240 consecutive days. You can draw your benefits when you need them and save your balance for any future care needs.
When you enroll, you will also receive the Care Coordination benefit and the Household Assistance benefit as part of your base policy, with no additional premium.
Care Coordination BenefitThe Care Coordination benefit covers up to $500 for care coordination services, such as a needs and goals assessment, assistance with transition of care, or the creation of a care plan. It can be difficult to know what the right choice is for your situation. The Care Coordination benefit reimburses you when you consult with a healthcare professional about when and where to receive care.
For example, if you fracture your hip in a fall, how do you determine what type of care is right for you? And where is best for you to receive that care? Would you prefer to recover at home? Or would you feel more comfortable in an assisted living facility with healthcare workers available around the clock?
With the Care Coordination benefit built into your policy, you can meet with a care planning agency or a licensed healthcare practitioner to discuss your situation and decide what your best option is.
Household Assistance BenefitAARP Short-Term Care Insurance from Medico also includes a $500 Household Assistance benefit. If you are receiving benefits under your policy, this additional benefit will help you pay for non-medical and incidental expenses. It is very likely you’ll need some help with non-medical tasks, such as laundry or housekeeping.
Consider this scenario: You live at home by yourself after suffering a stroke. You have a home health aide come every day to help with your medical needs, but your home needs help, too. It’s summertime, and although you are primarily focused on your recovery process, you can’t help but notice your unmown lawn every time you look out the window. The Household Assistance benefit allows you to hire a service to tend to your yardwork, helping you regain some peace of mind in your rehabilitation.
As with your overall AARP Short-Term Care Insurance from Medico policy, these additional benefits are also eligible for the one-time restoration of lifetime maximum benefits. That means once you have reached your lifetime maximum, as long as you don’t require care for 180 consecutive days, your policy will reset so you can utilize your benefits one more time.
Other benefits are also available to you with AARP Short-Term Care Insurance from Medico:
- A 12% household discount when you live with another adult at the time of your application
- A Bed Reservation benefit, which lets you apply your daily benefit toward keeping your place at a care facility for up to 21 days if you are in the hospital
- A 30-day free look, which gives you the right to a full and complete refund of any premiums paid, minus any claims paid, if within that period you decide the policy isn’t the right fit for you
If you’d like to learn more information about AARP Short-Term Care Insurance from Medico, click here. Or you can let us know if you’re ready to get a quote.
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Exclusions and limitations (may vary by state)
No benefits will be paid for any expense not identified and included as a covered loss under the policy. You will be fully responsible for payment of any expense that is not a covered loss. We will not pay benefits for:
- Any loss that occurs while this policy is not in force.
- Services or supplies not covered under this policy or not included in your plan of care.
- Treatment of complications of a non-covered loss.
- Any treatment for loss that:
- Is not medically necessary.
- Is not prescribed by a physician as necessary to treat a sickness or injury.
- Is determined to be experimental or investigational.
- Is received without charge or legal obligation to pay.
- Would not routinely be paid in the absence of insurance.
- Is received from any family member.
- Any suicide attempt, while sane or insane, or any intentionally self-inflicted injury.
- Alcoholism, drug addiction, or their complications, unless addiction resulted from narcotics prescribed by a physician.
- Injuries received or caused directly or indirectly while under the influence of a controlled substance, unless prescribed by a physician, or by intoxication as defined by the laws and jurisdiction of the geographic area in which the loss or cause of loss was incurred.
- Loss to which a contributing cause was your commission of or attempt to commit a felony or being engaged in an illegal occupation.
- Loss that occurs outside the territorial limits of the United States.
- Any loss resulting from war, declared or undeclared, or actively serving in the armed forces or their auxiliary units, including any country’s National Guard or Army Reserve or their equivalent.
- Any loss resulting from any device for aerial navigation, except as a fare-paying passenger.
STCI-002 Rev. 05/20