On June 12, 2023, Nationwide® is introducing Nationwide CareMatters TogetherSM, our new linked-benefit solution offering long-term care coverage to couples or 2 individuals with an insurable interest in each other.
Designed for couples ages 30 to 70, Nationwide CareMatters Together offers policyowners the flexibility to use their pool of LTC benefits entirely by 1 person or shared between the 2 insureds in any combination.
CareMatters Together offers a shared pool of benefit dollars with multiple guarantees: level premium, cash indemnity LTC benefit, accrued benefit and second-to-die death benefit.
As with all CareMatters products, the LTC benefit is cash indemnity; that is, Nationwide pays the full monthly LTC benefit and places no restrictions on how the benefits are used. This helps clients pay for their long- term care the way they want it.
As of June 12, 2023, CareMatters Together is not yet available in Arizona, California, Montana, New York and Washington, D.C. CareMatters Together will not be filed outside of the 50 states and the District of Columbia (D.C.).
We will continue to offer Nationwide CareMatters® II for individuals seeking long-term care coverage for a single life. For pending applicants who wish to transition to CareMatters Together, additional paperwork or requirements could be needed.