Nationwide – Life-Based Long-Term-Care Solutions Partner Supporting Seniors and Families
Helping Senior-Care Ecosystems Through Cash-Indemnity LTC Coverage Linked to Universal Life
Nationwide is a major U.S. insurer that offers long-term-care coverage primarily through linked-benefit life-insurance products, most notably its CareMatters series. Nationwide CareMatters is LTC coverage linked to a fixed-premium universal life policy that includes a death benefit. CareMatters II is recognized in the hybrid LTC market for its 100 percent cash-indemnity benefit structure.
Who Is Nationwide CareMatters in Long-Term-Care Funding?
Nationwide CareMatters provides LTC benefits by allowing policyholders to accelerate a portion of the life-insurance death benefit to pay for LTC expenses. CareMatters II stands out because, once a claim is triggered, Nationwide simply pays a monthly cash indemnity benefit—no receipts, no detailed monthly billing documentation are required. This gives policyholders flexibility to use LTC benefits for home-care, facility-care, family support, or other eligible needs as they see fit.
Across the U.S., individuals and families use CareMatters policies to fund LTC costs while maintaining a death benefit if care isn’t needed or if benefits aren’t exhausted.
Why Senior-Care Ecosystems Need Nationwide CareMatters
Senior-care ecosystems may rely on Nationwide’s hybrid LTC when:
- Families prefer a fixed-premium life-insurance product with LTC benefits instead of stand-alone LTC.
- Providers need to supply eligibility documentation (ADL limitations or cognitive impairment) to support claim approvals, even though monthly receipts aren’t required.
- Advisors build retirement plans around cash-indemnity LTC benefits that can fund home-care or facility care flexibly.
That makes high-quality functional assessments and care-plan documentation important for clinicians and facilities working with Nationwide-insured clients.
Case Study: CareMatters II Policy Funding Flexible LTC for a Policyholder
A policyholder buys a Nationwide CareMatters II policy in his early 60s, choosing inflation-protected LTC benefits and a death benefit for his beneficiaries. At age 78, he develops mobility and cognitive issues and begins a mix of home-health-aide services and occasional adult-day-care attendance. Once eligibility is established, Nationwide pays a fixed monthly cash benefit regardless of actual incurred expenses. The family uses the cash for paid caregivers, home modifications, and respite services. Nationwide still requires:
- Evidence of ADL limitations or severe cognitive impairment, certified by a professional.
- Periodic updates confirming continued eligibility.
Providers and the family adopt Caring Data to track ADL performance, cognitive assessments, incidents, and care-plan changes over time. Nationwide leverages Caring Data-based reports as part of periodic claim reviews, using them alongside clinician statements to confirm ongoing eligibility for LTC benefits.
How Caring Data Complements Nationwide CareMatters
Caring Data helps families and providers support Nationwide LTC claims while preserving the product’s administrative simplicity. For ecosystems, Caring Data:
- Connects functional and cognitive status to real-world services across home- and community-based care.
- Simplifies generating eligibility documentation for Nationwide’s claim-review processes.
- Improves transparency for families, advisors, and Nationwide about how cash benefits support evolving care needs.
Key Contact
Nationwide – CareMatters and LTC Solutions
Role: major insurer offering hybrid LTC coverage linked to fixed-premium universal life, notably CareMatters and CareMatters II.
Features: death benefit plus LTC benefits; 100 percent cash-indemnity LTC benefits once eligible; flexible use of LTC funds.
Website:
https://www.nationwide.com/
Address (listing):
One Nationwide Plaza, Columbus, OH 43215
Final Thoughts
Senior-care ecosystems benefit when hybrid solutions like Nationwide CareMatters provide flexible, cash-based LTC funding alongside life-insurance benefits. Caring Data provides the clinical documentation that supports eligibility decisions without undermining the simplicity of cash-indemnity designs.
Arthur J. Gallagher & Co. – National