Definitions for "Daily Benefit Amount"
Keywords:  ltc, enrollee, customary, payable, care
this is the maximum amount your insurance will pay in any single day.
In a long-term care policy the specific amount of insurance the policy pays for each covered day of long term care as defined in the policy. The enrollee may choose from a wide range of daily benefit amounts and, under some policies, different amounts for different types of care, such as a higher daily benefit for nursing home care and a somewhat lower benefit for home care.
The maximum amount of benefits participants are entitled to each day a covered service is received.