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Welcome to the Chestnut
Hill Community Association Long Term Care website. This is exclusively
for members of CHCA and
their family members.
This site will help you learn about Long Term Care, and LTC insurance. We will
help you choose from among the many plans and customize a plan that is right
for you and your family.
Each one of us has had an experience with Nursing Homes. If not a direct experience,
we have heard hair-raising stories about the costs of keeping family members
in a nursing home. There are several ways to control these costs. One is to
purchase Long Term Care insurance.
- You can buy coverage with a set daily
benefit that goes up with inflation.
- You can select the time period of coverage
from 2 years to lifetime.
- You can have a waiting period before coverage
takes effect from 0 to 365 days.
- You can buy coverage for home care, nursing
home care, assisted living care and adult day care
- You can even buy insurance that returns
the premium even if you use the coverage. For example, if an
insured contracts Alzheimer's disease and has a lifetime policy
for $200 a day, lives ten years and dies, he or she would receive
$730,000 in benefits. Despite these payments, the full premiums
paid will be returned tax free directly to the insured's estate.
Each of these variables affects the
premium, but the most important factors affecting the premium
are age and health. The older you are when you buy the policy,
the higher the premium. The healthier you are, the lower the
premium.
We are proud to have available Long Term Care Insurance from a number of very
strong established providers (not all offer discounts):
- Allianz
- Assurity
- Genworth
- Great American
- John
Hancock
- Lincoln
Financial
- MedAmerica
- Metropolitan
Life
- Mutual of Omaha
- Prudential
Each company is rated “A” Excellent or better by A. M. Best and
Company. We will help you pick the correct company and plan that fits your
individual needs.
With these thoughts in mind, if you would like to hear more about this kind
of insurance, and what it might cost, we would like to help you learn. Go to
the CHCA LTC Coverage Page to learn about coverage choices and options. Fill
out our CHCA LTC Quote Request Form. We will prepare a proposal for you and
contact you at your convenience. We will be happy to answer any questions you
might have.
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