Exemptions to the Individual Mandate
There are some cases where there is no penalty to not having coverage.
You will select a daily benefit maximum when you buy the policy. Choices usually range from $50 to $250 a day. Most policies pay the actual cost of each day of care at a nursing home up to the daily maximum amount you select.
Generally, policies pay benefits using either an “actual expenses incurred” method or an “indemnity” method:An actual expense policy pays benefits only when eligible services are received.
For either policy, benefits will be paid to you, or you may “assign” your benefits and have them paid directly to the nursing home.
It’s important that you know how much nursing facilities in your area charge before you select a benefit amount.
This article is published on KansasMoney.gov. Find more information by contacting these state agencies: