Home Recovery Care

Why Prepare for Care at Home?

As we age, our risk of needing care increases, and the type of care we require changes. It is important to plan for the unexpected, especially when it comes to recovering from sudden illnesses or managing chronic conditions:

• Nearly 70% of Americans who reach age 65 will be unable to care for themselves at some point without assistance.
• More than nine in ten older adults have some type of chronic disease, and almost eight in ten have more than one.
• Every year, more than 795,000 Americans have a stroke, which is considered a leading cause of serious long-term disability.
• More than one-third of people aged 65 years and older fall each year.
• Every 65 seconds, a new patient is diagnosed with dementia or Alzheimer's disease in the United States.

The Gaps in Traditional Coverage

Many individuals mistakenly believe that Medicare will cover their entire recovery period at home. However, Medicare has restrictions and limitations on what it will cover for skilled home care assistance. It does not pay for 24-hour day care at home, nor does it cover homemaker services like shopping, cleaning, laundry, or personal care. With median care costs in 2020 reaching $53,768 per year for homemaker services and $54,921 for a home health aide, unexpected out-of-pocket expenses can be significant.

Home Recovery Care Plan Benefits

Home Recovery Care insurance plans cover both medical and non-medical services received in your home, starting from the very first day you qualify.

• Flexible Coverage Options: Plans are available for issue ages 50 to 89. You can select up to a $3,000 weekly benefit in increments of $150 per week.
• Choice of Covered Weeks: Choose 13, 26, 39, or 52 covered weeks for each period of care. The plan includes a lifetime maximum benefit equal to twice the number of covered weeks selected.
• Immediate Access: There is no deductible, no elimination period, and no prior hospital stay required to access benefits.
• Benefit Trigger: Benefits are paid each week you receive three or more one-hour professional home care service visits in your home, provided you cannot perform two or more activities of daily living or have a cognitive impairment like Alzheimer's dementia.
• Freedom of Choice: The care can be provided by any licensed or approved home care provider of your choice; they do not have to be Medicare approved or certified.
• Comprehensive Service Types: Covered services include personal or homemaker care (such as help eating, bathing, and light housekeeping), medical care (including nursing care and physical therapy), and companion care (such as shopping and transportation).
• Direct Payments: The selected indemnity benefit is paid directly to you or to a home care services provider of your choice.
• Tax-Free and Supplemental: Benefits are non-taxable and are paid in addition to Medicare or any other health care or long-term care insurance plan.