Type of Coverage Look at how the policy pays benefits.
Policies pay benefits in different ways.
For example, some policies pay a fixed amount for each day you are confined in a nursing home or each day you receive community-based care, regardless of the actual cost of the care. Other policies pay according to the provider's actual charges up to a fixed daily amount or a percent of the charges. Policies paying benefits based on a usual and customary charge basis or prevailing charge basis contain a notice to this effect on the face page of the policy. You should also examine for what period of time benefits are paid. Benefits may last for only one year or for the rest of your life, depending on the policy.