MedAmerica and AmeriLife Break New Ground in Product Innovation with ‘Transitions’ – Short-Term Recovery Care Insurance

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MedAmerica Insurance Company and AmeriLife have partnered to introduce Transitions Short-Term Recovery Care Insurance to the Recovery Care Insurance (RCI) marketplace.

"Now agents and financial advisors can design a policy unique to each individual who wants to maintain choice and control over their health and finances."

MedAmerica Insurance Company, a leading long-term care insurance carrier, and AmeriLife, one of the nation’s largest insurance marketing groups, have partnered together to introduce Transitions Short-Term Recovery Care Insurance to the Recovery Care Insurance (RCI) marketplace.

“We know that people everywhere need a financial solution to help them fund an unexpected long-term care need. But it is also critical to acknowledge that for people in the middle-market, traditional long-term care insurance is just too expensive,” said Bill Jones, President of MedAmerica. “Transitions is a great solution for this market. It’s easy to understand, full of meaningful benefits and features a predictable, streamlined underwriting approach – all at a premium that is less than half the average long-term care insurance policy.”

Transitions is ideal for families and individuals of any age who may require extended recuperation after hospitalization, or who may find themselves responsible for payments required during the deductible/elimination period of an existing long-term care insurance policy.

“Now agents and financial advisors can design a policy unique to each individual who wants to maintain choice and control over their health and finances,” said David Rainwater, President of AmeriLife’s career agencies.

Transitions coverage will pay for care in the family home, nursing facilities, assisted-living facilities, adult day care and hospice. Additional features included in the base policy are bed reservation benefits for up to 21 days; respite care and a built-in feature that waives premium payments for the policy upon receipt of benefits. Benefit period options range from 100 to 365 days, and daily benefit amounts range from $50 to $300.

“The care delivery system has greatly evolved over the years, and it’s critical that we evolve with it so we can continue meeting the needs of the marketplace,” Mr. Jones noted. “The days of recovering from a serious illness in a hospital are gone. Instead, we recover at home, in an assisted-living facility or a nursing home. Transitions can help people maintain control over their recovery care needs by paying for the care they need in the setting they choose.”

“MedAmerica and AmeriLife recognize that without proper planning, few Americans have the ability to weather the long-term financial consequences of an unexpected health event,” said Gregg Kroman, National RCI Director & Product Coordinator, LTC Edge. “Transitions is designed to provide rich benefits at a price that will fit into most families’ budgets, and can be a good alternative choice for protecting your assets, your independence, and your control of your care situation, either in addition to an existing long-term care insurance policy, or when traditional long-term care insurance is not a viable option.”

About MedAmerica Insurance Company:

Since 1987, MedAmerica has focused exclusively on providing chronic-care financing solutions. MedAmerica is a subsidiary of a $5 billion not-for-profit health insurer that finances and delivers health care to more than two million people. MedAmerica has in-force contracts in every state and the District of Columbia, and is the insurer of choice for several state employers, Fortune 500 companies and employers of all sizes. With a singular focus on helping people financially plan for a chronic care need, MedAmerica brings a depth of expertise to provide solutions for chronic care financing by creating simple-to-understand and easy-to-use products, maintaining fiscal responsibility and delivering on its promises.

About AmeriLife:

Since 1971, AmeriLife – based in Clearwater, Florida - has provided excellence and access as one of the nation's largest life and health insurance marketing organizations. AmeriLife is dedicated to the insurance and financial needs of America’s increasing senior population through insurance-related products such as Health and Medicare Supplement Plans, Life Insurance, Annuities and Long-Term Care as well as Licensed Third-Party Administration, Career Agencies and an expanding Casualty Insurance Agency.

For additional information about the Transitions Short-Term Recovery Care coverage, please contact AmeriLife Career Agencies President David Rainwater at (727)-726-0726.

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Wayne Shelor
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