Definitions for "Bed reservation benefit"
In some long-term care policies, a benefit paid to maintain the enrollee's space in a nursing home facility when the enrollee must be hospitalized temporarily.
Pays the cost of reserving you place in a care facility should you be temporarily absent from a facility during a covered stay. Some policies only pay for bed reservation if the absence is due to hospitilization.
A long-term care (LTC) policy benefit that pays an amount to reserve a bed in a nursing home or other LTC facility while the insured person is hospitalized for treatment.