Long Term Care Plan

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“Failing to consider long-term care needs is the #1 mistake investors are making with their retirement savings.” — “Cracks in the Nest Egg,” Wall Street Journal 10/22/01

That’s a strong statement, isn’t it? But it’s true! As a physician, you have first hand knowledge that long-term care can have the single most dramatic impact on a family’s finances for sure, but it’s the stress on the family that can be even more damaging. Think about how many patients, friends, and relatives have or are receiving long-term care now. Planning for long-term care insurance is the smart way to take care of our families – cash when it’s needed without invading estate or retirement assets.

Why MedAmerica?

  • Committed Exclusively to long-term care insurance since 1987
  • Partners with 34 Blue Cross Blue Shield Plans and has 83% of Blue Cross’ long-term care insurance market
  • Insures the states of Tennessee, North Carolina, Indiana, Kansas, New York and Hawaii for employees, retirees and relatives
  • 7th largest seller of group LTC insurance in the nation
  • Maintained a rating of Excellent from A.M. Best and Strong from Standard & Poors
  • Subsidiary of Lifetime Health Companies, a $4 billion not-for-profit health care company, which provides a taxation structure that allows MedAmerica to pass on premium savings to its policyholders as there are no shareholders to satisfy
  • Utilizes web-based education to help families who are already dealing with a long-term care need
  • Partners with Phyllis Shelton, a nationally-recognized LTC insurance authority and author of “Long-Term Care: Your Financial Planning Guide” (Kensington Books, NYC, 2003) to assist OMNI Group personnel in formulating the most effective marketing plan for the members and their families, provide informative articles on her website, and offer to provide seminars for members.

Why MedAmerica’s Long Term Care Product Labeled Simplicity?

A CASH product, which means:

  • No provider list
  • No proof of services (no claims to file!)
  • Money to spend anywhere, anyway care is needed – pay family members, friends, neighbors and other informal caregivers
  • Pays if care is needed at home, adult daycare, hospice or in an assisted living or nursing facility
  • Competitive premiums with up to a 53% premium discount: married – 20%; both husband and wife apply jointly – 20%; both husband and wife in excellent health – 15%
  • The additional 10% discount is for members and eligible family members – parents, grandparents, adult children, adopted and stepchildren, siblings and all respective in-laws.

Other outstanding features of Simplicity:

  • Choose a monthly CASH benefit from $2100 up in $300 increments – NO LIMIT
  • Unlimited lifetime maximum available
  • Limited pay options – the policy can be paid up in 10 years or by age 65 with no more premiums due EVER
  • Reduced premium options to pay a lower premium at age 65 or 70
  • Return of premium options if the policy is never used
  • One-time deductible no matter how many times the policy is used
  • Option to share benefits with a spouse
  • Lifetime inflation benefit
  • Premium waiver while receiving benefits
  • Worldwide coverage


MedAmerica Insurance Company
Home Office: Pittsburgh, PA
MedAmerica Insurance Company of New York
Home Office: Rochester, NY