Compare MedAmerica Long Term Care Insurance Plans

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Long Term Care Insurance & Preventing Dementia

MedAmerica Long Term Care Insurance

A long-term care specialist with more than 30 years’ experience in the industry, MedAmerica is a company focused exclusively on providing protection and financial support for people who need long-term care and their families. The company has paid more than $614 million in claims since its founding in 1987 and currently provides coverage for more than 100,000 policyholders. The company is a subsidiary of Lifetime Healthcare, a nonprofit health insurer based in New York.

MedAmerica

Long-Term Care Insurance Policies

MedAmerica offered multiple long-term and short-term care solutions, with their innovative and highly flexible “Simplicity” policy being held in especially high regard by customers and agents alike. However, as of February 16, 2016, MedAmerica is no longer issuing new long-term or short-term care insurance policies. The company’s president, Bill Naylon, cited economic factors, particularly low interest rates, as the reason for their withdrawal from the industry. Many other long-term care insurance companies such as CNA, John Hancock, and MetLife have decided to stop issuing policies for similar reasons. Policies purchased from MedAmerica prior to the company’s withdrawal are still in effect and claims can be made as usual.

Reputation and Financial Strength

MedAmerica received a financial strength score of A- (strong) from Standard & Poor’s, one of the leading independent ratings agencies. Ratings like this are important because they reflect the financial soundness of the company and thus can be used as a predictor for whether that company will be able to pay out claims in the future. MedAmerica’s website reports a customer satisfaction rating of over 90%, and customer reviews on other websites are indeed mostly positive, though there has been some concern about sharp increases in premiums.

Be sure to take a look at our other articles to learn more about the various insurance companies offering long-term care policies. Remember – these policies and the companies that issue them can differ greatly, so it really does pay to do your research and shop around.

More Useful Links:

MetLife Long Term Care Insurance

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS

  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*

WHY US?

At QuickHealthInsurance.Com, your quotes are delivered by one single specialist, who
helps you choose the best features and discounts, without over-buying
coverage. Avoid mistakes when planning your long-term care policy
with one-on-one guidance from us.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.

Age(s)

PLUS, Receive 2 FREE Books -
Long Term Care Insurance & Preventing Dementia

MedAmerica Long Term Care Insurance

A long-term care specialist with more than 30 years’ experience in the industry, MedAmerica is a company focused exclusively on providing protection and financial support for people who need long-term care and their families. The company has paid more than $614 million in claims since its founding in 1987 and currently provides coverage for more than 100,000 policyholders. The company is a subsidiary of Lifetime Healthcare, a nonprofit health insurer based in New York.

MedAmerica

Long-Term Care Insurance Policies

MedAmerica offered multiple long-term and short-term care solutions, with their innovative and highly flexible “Simplicity” policy being held in especially high regard by customers and agents alike. However, as of February 16, 2016, MedAmerica is no longer issuing new long-term or short-term care insurance policies. The company’s president, Bill Naylon, cited economic factors, particularly low interest rates, as the reason for their withdrawal from the industry. Many other long-term care insurance companies such as CNA, John Hancock, and MetLife have decided to stop issuing policies for similar reasons. Policies purchased from MedAmerica prior to the company’s withdrawal are still in effect and claims can be made as usual.

Reputation and Financial Strength

MedAmerica received a financial strength score of A- (strong) from Standard & Poor’s, one of the leading independent ratings agencies. Ratings like this are important because they reflect the financial soundness of the company and thus can be used as a predictor for whether that company will be able to pay out claims in the future. MedAmerica’s website reports a customer satisfaction rating of over 90%, and customer reviews on other websites are indeed mostly positive, though there has been some concern about sharp increases in premiums.

Be sure to take a look at our other articles to learn more about the various insurance companies offering long-term care policies. Remember – these policies and the companies that issue them can differ greatly, so it really does pay to do your research and shop around.

More Useful Links:

MetLife Long Term Care Insurance

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS

  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*

WHY US?

At QuickHealthInsurance.Com, your quotes are delivered by one single specialist, who
helps you choose the best features and discounts, without over-buying
coverage. Avoid mistakes when planning your long-term care policy
with one-on-one guidance from us.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.