Benefits Amounts and Structure

Benefits Amounts and Structure

Benefit amounts vary by plan

 For example, $50 to $400 a day or $1,000 to $12,000 a month

 The Time Multiplier may be 2, 3 4, 5, 6, 8, 10 years or Unlimited

 

· A benefit multiplier is used to calculate  the maximum benefit amount in dollars.

· For a Daily plan (benefit multiplier x 365 days x the maximum daily benefit amount)

· For a Monthly plan (benefit multiplier x 12 months  x the maximum daily benefit amount

 

Example:

· 60 months (5 years) x $5000 a month  = $300,000

  Where $300,000 is the Personal Benefit Amount (Pool of Funds)  available – plus inflation additions as chosen over time.   Note: In a perfect scenario if you used exactly $5000 a month you would expect your benefits to expire in 5 years. If  you used less than this per month your benefits would last longer than 5 years.

 

Protection!

    - This $300,000 can be a sheltered amount—If  this pool of funds are used up then the insured would be eligible for Medicaid and the State of Ohio would not require a spend down of the $300,000. See related links for more information about the Partnership Program of Ohio.  

 

Personal Benefit Pool of Money 

To contact us:

Phone: 513 703-4837

Daytime office @ SpringDot: 513 542-4000

Fax: 513 542-4741

E-mail: equity@cinci.rr.com

www.EQUITYinsOH.com

              “Ensure Independence”

Equity Insurance of Ohio, LLC