10 Jan, 2018, 11:17 ET
SOUDERTON, Pa., Jan. 10, 2018 /PRNewswire-USNewswire/ -- By 2020, 56 million Americans will be 651 and older and 70% will be unable to care for themselves at some point without assistance2. To help meet this need, United Security Assurance is proud to introduce a new Short Term Home Health Care insurance plan, SecureHorizonsSM. The company believes a person's location for care can directly influence their health and well-being and is excited to make available this next generation short term care insurance product. "We believe that with its very affordable premium and streamlined underwriting, SecureHorizonsSM will allow more individuals to secure coverage who would otherwise not be able to afford or qualify for traditional long term care insurance," said Bill Neugroschel, the Company's President and CEO.
In addition to being an indemnity insurance plan, there are three optional riders offered to expand an individual's benefits. These riders include a 3% Simple and 3% Compound Inflation Rider that will help increase benefit amounts over time, as well as a robust Facility Care Rider which will cover care in an Assisted Living Facility or a Nursing Home. (Riders not available in Pennsylvania.)
When qualifying for benefits, the SecureHorizonsSM plan includes an annual information and consultation session with the Coventry Service Program at no additional cost. This benefit is designed to help improve in-home safety and promotes overall well-being through a research-based program.
"It's our hope that this plan will enable our producers/agents to penetrate new markets and offer more of their clients an affordable short-term home health care insurance option," said Chris Coady, Senior Marketing Director. "United Security Assurance also offers a full portfolio of long term care insurance products that include tax-qualified and non-tax-qualified long term care plans." Please call our office at 800-872-3044 for more information on SecureHorizons or on any of our other plans.
1United States Census Bureau. "An Aging Nation: The Older Population in The United States." May 2014.
2Daschel, Tom and Tommy Thompson. "Who will care for America's aging population?" The Washington Post. Nov. 2013.
About United Security Assurance Company of Pennsylvania
United Security Assurance Company of Pennsylvania (http://www.usaofpa.com), located in Souderton, Pennsylvania, is dedicated to providing quality health and life products at fair and reasonable rates, and is committed to the fair treatment of its agents and policyholders. The company has expertise in the individual insurance market, especially long term care, home health care, and senior life products.
About Coventry CareLink
Coventry CareLink (http://www.lifestyle-solutions.org), based in Baltimore, Maryland, is a third party administrator that operates the Coventry Service Program to help seniors defer disability and maintain their wellness.
For more information on the companies or their products please contact:
Senior Director of Marketing Communications
United Security Assurance of Pennsylvania
Phone: +1 800-872-3044
SOURCE United Security Assurance
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