Short-Term Care Insurance
GTL’s Recover Cash® Short-Term Care insurance covers confinement in nursing homes, assisted living facilities, or at home, while providing financial support during recovery and offering assistance to family caregivers.
What is Short-Term Care Insurance?
Short-Term Care Insurance provides coverage for a range of care options, including nursing homes, assisted living facilities, or in your home. With Medicare* coverage limits and specific requirements, GTL’s Recover Cash® fills in those gaps, covering out-of-pocket expenses.
How does GTL’s Short-Term Care Insurance work?
Short-term care insurance, like Recover Cash®, provides direct benefits to policyholders, covering stays in assisted living or nursing homes, adult day care, hospice care, and even home care expenses. As an added benefit of the Home Health Care Rider, policyholders will have access to TCARE’s Family Caregiver Concierge Services designed to help support your loved ones and prevent caregiver burnout.
Why do I need Short-Term Care Insurance from GTL?
Short Term Care insurance, like GTL’s Recover Cash®, addresses the rising need for affordable and accessible care coverage, especially when long-term care policies may be challenging to qualify for or afford. Designed to cover your out-of-pocket expenses that you may incur during recovery, Recover Cash® provides essential protection for nursing home and home care.
When faced with a prolonged illness or disability, many people require additional support from family members while receiving professional care at home. This additional mental, emotional and physical strain is often overlooked and can be detrimental to both the caregiver and the patient. GTL’s Recover Cash® Short-Term Care policy was uniquely designed to combine cash benefits to help you recover while offering support to your loved ones when you both need it most.
*Guarantee Trust Life Insurance Company and their licensed agents are not in any manner affiliated with or sponsored by the federal government, the social security administration, the centers for Medicare and Medicaid services, or the department of health and human services.
What can this policy provide for me?
Nursing Home Coverage
Family Caregiver Support
Inflation Rider Options
Assisted Living Facility Coverage
3 Things to Know…
- Caregiver support plus cash benefits.
- Daily benefits for Nursing Home & Assisted Living Facility are payable up to 360 days.
- Optional Inflation Riders to help protect you from increasing health care costs.
What Benefits Does Recover Cash® Offer?
Benefits Paid Directly to You
Nursing Home & Assissted Living Facility Coverage
Zero-Day Elimination Period
Optional Short-Term Home Health Care Rider with Caregiver Benefits
Who is TCARE?
Powered by high-tech and human touch, TCARE supports caregivers through the complexities of caregiving to help health plans, employers, and families get to a place of better care.
TCARE’s Family Caregiver Concierge Service is designed to support your loved ones and prevent caregiver burnout. By offering a variety of tools and targeted resources, TCARE empowers loved ones to take care of themselves while providing care and support to you!
How can GTL’s Recover Cash® Short-Term Care Insurance Help Me and My Family?
Below is an example of how GTL’s Recover Cash helped Phil, a 62-year-old who had purchased a policy with a $100 per day Nursing Home Benefit and a $500 per week Home Health Care rider for $23.23* per month.
*30 day base benefit period with 20 day elimination & 26 week Home Health Care benefit period with 20 day elimination.
Meet Phil
(A hypothetical example)
When Phil turned 68, he suffered a stroke which made it difficult for him to do normal tasks. He knew he needed additional help but still wanted to recover at home.
Phil’s healthcare provider certified that he needed a Licensed Home Health Care Practitioner to help with 2 activities of daily living (ADLs). His only daughter Lisa also started to help care for him until he was able to take care of himself.
Phil used the $500 per week from GTL to help pay for his care.
After Phil’s Home Health Care claim was approved by GTL, Lisa registered and went through TCARE’s family caregiver assessment tool to help prevent burnout and identify resources in her community to help care for her father.
GTL then paid Phil $3,500 which he gave to Lisa to pay for her gas and her car repairs due to traveling to and from her dad’s house every day.
Lisa took advantage of TCARE’s tools and received the support she needed during this physically and emotionally difficult time for her. With the help of TCARE’s certified caregiver navigators, Lisa was able to take care of herself while taking care of her dad.
Great News!
Instead of worrying about his finances or his daughter’s well-being due to his stroke, Phil was able to receive the financial support he needed from GTL and the family caregiver support Lisa needed from TCARE to help them on their journey.
- When Phil turned 68, he suffered a stroke which made it difficult for him to do normal tasks. He knew he needed additional help but still wanted to recover at home
- Phil’s healthcare provider certified that he needed a Licensed Home Health Care Practitioner to help with 2 activities of daily living (ADLs). His only daughter Lisa also started to help care for him until he was able to take care of himself
- Phil used the $500 per week from GTL to help pay for his care.
- After Phil’s Home Health Care claim was approved by GTL, Lisa registered and went through TCARE’s family caregiver assessment tool to help prevent burnout and identify resources in her community to help care for her father
- GTL then paid Phil $3,500 which he gave to Lisa to pay for her gas and her car repairs due to traveling to and from her dad’s house every day
- Lisa took advantage of TCARE’s tools and received the support she needed during this physically and emotionally difficult time for her. With the help of TCARE’s certified caregiver navigators, Lisa was able to take care of herself while taking care of her dad
Great News!
Instead of worrying about his finances or his daughter’s well-being due to his stroke, Phil was able to recieve the financial support he needed from GTL and the family caregiver support Lisa needed from TCARE to help them on their journey.
You shouldn’t have to worry about covering out-of-pocket medical expenses…
We’ll help connect you with a GTL agent to get covered!
By submitting this information, you agree that GTL and its agents may contact you. Your contact information will be kept confidential.
Frequently Asked Questions about Short-Term Care Insurance
How do I file a claim for my Recover Cash policy?
Please find the Recover Cash claim form here. Print and complete the form and return it with the required documentation to the address noted on the first page of the form. If you are a policyholder, claim forms can also be found under the My Account tab in GTL's Customer Portal.
How do I qualify for benefits with Recover Cash?
Based upon your physician's determination, if you cannot perform two or more of the six activities of daily living or have been diagnosed with a cognitive impairment then coverage benefits will be available to you.
Activities of Daily Living means the following (6) basic activities of daily living:
1. Bathing means washing oneself by sponge bath in either a tub or shower, including the task of getting into or out of
the tub or shower.
2. Continence means the ability to maintain control of bowel or bladder function; or, when unable to maintain control
of bowel or bladder function, the ability to perform associated personal hygiene (including caring for a catheter or
colostomy bag).
3. Dressing means the ability to put on or take off all items of clothing and any necessary braces, fasteners or artificial
limbs.
4. Eating means the ability to feed oneself by getting food into the body from a receptacle (e.g., plate, cup, table) or by a
feeding tube or intravenously.
5. Toileting means the ability to get to and from the toilet, getting on and off the toilet, and performing associated personal
hygiene.
6. Transferring means the ability to move into or out of a bed, chair or wheelchair without assistance.
Who can receive the Caregiver Benefit?
The $3,500 Caregiver Benefit is available to a family member or friend who provides care and has completed the short TCARE assessment.
Do the benefits on this policy restore?
Benefits will restore once during the life of the policy when, for six consecutive months, you are not functionally disabled and no longer need any covered care or services. (See your policy for complete details.)
What happens if I don't use my entire benefit period?
If you do not utilize the entire benefit period, rest assured. For instance, with a 360-day benefit period, if you use only 200 days, the remaining 160 days can still be accessed if you need to return for the same condition before restoration.
Do I have to change my policy if I move to a different state?
No, you may use this coverage in any of the 50 states.
Can a family member provide Home Health Care services to receive the claim benefits?
To qualify for claim benefits, it's essential that Professional Home Health Care and Home Health Care Aide services are administered by a licensed/certified caregiver employed by a licensed Home Health Care agency that can provide a comprehensive and itemized bill for each service date.
This product and its features are subject to state availability and variability. The Policy has exclusions, limitations, reductions of benefits and terms under which the Policy may be continued in force or discontinued. For cost and complete details of coverage, please contact us or your agent. Please call the Life and Health Sales Department at 1-800-323-6907 for complete details. Click here to view product disclosures.
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