MedAmerica Insurance Company: The Choice is Yours

The Choice is Yours: Design a plan to fit your needs.

NYPERL is a quality, comprehensive tax-qualified long-term care insurance plan that offers flexibility and choice to design a plan that's right for you. As a person eligible for NYPERL, you have two leading-edge insurance plans from which to choose.

NYPERL Care Directions © Premier
A leading plan which offers a flexible "Pool of Money" design of comprehensive benefits.

NYPERL Care Directions © Premier New York State Partnership
A Care Directions Premier plan meeting the criteria established by the New York State Partnership for Long-Term Care allowing you to retain your assets when you become eligible for New York's Medicaid Extended Coverage.

There are four core components that comprise your plan.

1. Your Daily Benefit Amount

This is the maximum amount per day your plan will pay for all covered services

2. Your Lifetime Benefit Amount - Your "Pool of Money"

The Lifetime Benefit Amount is determined by selecting a Daily Benefit Amount and multiplying it by the Benefit Days (i.e. the benefit period you select).

3. Inflation Protection

Inflation protection protects the value of the coverage you select today to offset future increases in the costs of long-term care services.

The value of the coverage you buy today should be protected from increases in long-term care costs that may occur over the years. Choosing Inflation Protection builds the Daily Benefit Amount and "Pool of Money."

4. Your Benefit Period

This is the period for which your Pool of Money will typically provide benefits.

In addition to these core components, there are several important options and features available to complete your product design. They are fully described in the plan overview that can easily be referenced or downloaded. One of the most significant options is called the ten-year paid in full option. Much like paying a thirty-year mortgage in fifteen years, this option allows the product to be fully paid in ten years, providing comfort in knowing that the protection is fully paid and guaranteeing against any possible future rate increase.

Another significant option is a spousal benefit transfer rider whereby spouses who purchase identical policies can, if the need arises, share the coverage of one spouse to accommodate the extended care needs of the other. And at death, the unused portion transfers to the surviving spouse. This option is only available under the Care Directions Premier plan.