this is the maximum amount your insurance will pay in any single day.
In a long-term care policy the specific amount of insurance the policy pays for each covered day of long term care as defined in the policy. The enrollee may choose from a wide range of daily benefit amounts and, under some policies, different amounts for different types of care, such as a higher daily benefit for nursing home care and a somewhat lower benefit for home care.
The maximum amount of benefits participants are entitled to each day a covered service is received.
The amount payable by the insurance company to the insured for each day the insured suffers a loss - applicable to certain plans.
A specified, maximum, daily, dollar amount payable on a covered period of care. Policies offer a range of choices in ten-dollar increments. Your choice should take into account the local costs of care, how much you could pay for care out of your own resources (without dipping into savings), and how much money or care you could count on from your family.
Under a long-term care (LTC) insurance policy, the amount an insurer will pay for each day of an insured's long-term care at a care facility or in the insured's home.
The amount of insurance paid as part of the long-term care policy for each day.
The amount your insurance policy will cover for each day of services provided. Some policies pay a flat daily benefit amount, while others will pay reasonable and customary charges up to the daily benefit amount.