What does “Home Care Benefit Period – Pooled” mean?

Home Care Benefit Period (Pooled) = the entire maximum benefit can be used for care received at home.

Many older policies had one “Pool” of benefits for Home Care and another “Pool” of benefits for Facility Care.  Today, the vast majority of policies have one “Pool” of benefits that can be used for either Home Care or Facility Care.  This added flexibility is very beneficial to the policy holder.

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About Scott A. Olson

Scott A. Olson, is the author of “The Guidebook for Making Long-Term Care Insurance Easier.” He is a licensed insurance agent and has specialized in long-term care insurance since 1995. He is licensed to sell long-term care insurance in over 40 states. Scott was born and raised in New Jersey and attended Rutgers University. Scott was a caregiver for a close relative for two years. That personal experience has made him acutely aware of how to help his clients design and choose a long-term care policy that will benefit them when they need it the most. Scott and his wife Carolyn live in Redlands, California. Scott and Carolyn have four sons.