Effective June 14, 2021, we will be introducing the Flexible Care Cash Amendment to the Transitional Care Assistance Benefit on Lincoln MoneyGuard® III. This amendment provides clients additional benefit flexibility with access to receipt-free cash to help cover informal care needs at home including the opportunity for a spouse to provide the care.
Lincoln MoneyGuard® III, Lincoln MoneyGuard® II and Lincoln MoneyGuard® II NY will also update rates to address the recent 7702 regulatory updates. These are not pricing changes and long-term care benefits will remain the same after the updates.
Click here for additional details and refer to the Lincoln Leader on Tuesday, June 1, 2021.