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Mutual of Omaha Long-Term Care

State Availability

Current as of 05/07/2020

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Plan Information

Current as of 05/04/2020

Mutual of Omaha offers two types of LTC: MutualCare Secure Solution and MutualCare Custom Solutions. Issue ages: 30 to 79 for both plans; Tax qualified only and partnership qualified.

MutualCare Secure Solution

MutualCare Secure Solution is a good fit for customers looking for easy-to-understand benefit choices.

Built-In Benefits for MutualCare Secure Solution ~ Policy limit: Benefit multiplier determines policy limit, options include 24, 36, 48, or 60 months. Maximum monthly benefit: $1,500 to $10,000 per month in $1 increments. Elimination period: 90, 180, or 365 calendar days. Cash benefit: 30% of home health care benefit up to initial maximum of $2,400 per month.

Nursing home benefit: 100%. Assisted living facility benefit: 50%, 75%, or 100% of maximum monthly benefit. Home health care benefit: 50%, 75%, or 100% of maximum monthly benefit. Adult daycare benefit: Up to 100% of the monthly home health care benefit.

Stay-at-home benefits include caregiver training, durable medical equipment, home modification, and Medicare alert system: Up to two times the maximum monthly benefit.

Bed reservation benefit for nursing home and assisted living facility: 30 days per calendar year.

Respite care benefit: 1 month per calendar year.

Hospice care benefit: Pays maximum monthly benefit; no elimination period applies.

International benefit: Maximum monthly benefit for up to 12 months.

Waiver of premium includes nursing home, assisted living facility, and home health care; and subject to eligibility requirements.

Alternate care benefit: Available when care coordination is used.

Optional partner benefits: Shared care and security benefit.

Other optional benefits: Waiver of elimination period for home health care, nonforfeiture, ROP at death.

Inflation protection options: Lifetime: 3%, 4%, or 5% compound or 20-Year: 3% or 5% compound.

MutualCare Custom Solution

MutualCare Custom Solution is a good fit for customers wanting to customize a policy.

Built-in benefits for MutualCare Custom Solution ~ policy limit: Pool of dollars determines policy limit; options include $50,000 to $500,000.

Maximum monthly benefit: $1,500 to $10,000 per month in $50 increments. Elimination period: 0, 30, 60, 90, 180, or 365 calendar days. Cash Benefit: 40% of home health care benefit up to initial maximum of $2,400 per month.

Nursing Home Benefit: 100%. Assisted Living Facility Benefit: 50%, 75%, or 100% of maximum monthly benefit. Home health care benefit: 50%, 75%, or 100% of maximum monthly benefit. Adult daycare benefit: up to 100% of the monthly home health care benefit.

Stay-at-home benefits include caregiver training, durable medical equipment, home modification, and Medicare alert system: Up to two times the maximum monthly benefit.

Bed reservation benefit for nursing home and assisted living facility: 30 days per calendar year.

Respite care benefit: 1 month per calendar year. Hospice care benefit: Pays maximum monthly benefit; no elimination period applies.

International benefit: Maximum monthly benefit for up to 12 months.

Waiver of premium includes nursing home, assisted living facility and home health care; and subject to eligibility requirements.

Alternate care benefit: Available when care coordination is used.

Optional partner benefits: Shared care, security benefit, joint waiver of premium, and survivorship benefit.

Other optional benefits: Waiver of elimination period for home health care, nonforfeiture, return of premium at death, and professional home health care. Inflation protection options: inflation percentage: 1% to 5% compound in .25% increments; and inflation duration: lifetime, 20, 15, or 10 Years.

Inflation protection buy-up option: Available.

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