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NEWS
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3/25/2002
How Long Term Care Insurance is viewed by DCF
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Long-Term Care Insurance Payments
Long-term care
insurance policies vary greatly, requiring that each policy be carefully
reviewed. A recent DCF memorandum provides the following guidelines for
determining whether or not cash received from a long-term care insurance
policy will be considered income.
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Reimbursement
for actual medical expenses incurred is not considered income.
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Cash paid from an
insurance policy as a flat rate benefit without regard for actual
per diem charges or expenses incurred is considered income.
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