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.
