Genworth Introduces New Family Caregiver Benefit, Expanding How Eligible Policyholders Can Use Long-Term Care Coverage
Genworth introduced a Family Caregiver Benefit letting eligible long-term care policyholders in certain states use benefits for qualified care provided by family members. The benefit can pay up to 75% of the median hourly cost of non-medical care per the CareScout Cost of Care Survey, via a voluntary coverage election that may modify policy features.
Key figures
- Us family caregivers
- more than 59 million Americans
- Pct of median nonmedical care cost
- 75%
AI analysis
Red flags1 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.