Wellabe Adds a Short-Term Care Insurance Policy

The insurer that recently changed its name to Wellabe has introduced a short-term care insurance policy.

The policy can provide up to $300 per day in benefits for up to 360 days of home health care.

The company is offering the policy to consumers ages 40 through 89.

Clients can add a nursing facility rider, a 5% inflation protection rider and an adult day care rider.

What It Means

Wellabe’s product line may be part of a new ripple of insurer interest in finding ways to help clients pay post-acute care bills.

Many insurers backed away from the extended care market because of concerns about problems some carriers had with long-term care insurance policy design and pricing.

Wellabe

Wellabe is the Des Moines, Iowa-based insurer previously known as American Enterprise Group.