The company offers individual, defined benefit accident, and health insurance policies covering long-term care services, including confinement to nursing facilities and assisted living facilities, as well as home healthcare.
It offers various products, which include the Assisted Living Plus policy, which provides coverage for facility care and includes an optional home healthcare rider; Personal Freedom policy, which provides coverage for facility and home healthcare; Independent Living policy, which offers coverage for home and community-based care furnished by licensed care providers, as well as unlicensed caregivers; Post Acute Recovery policy, which provides coverage for short-term recuperative care received in a long-term care facility, or the policyholder’s home; Secured Risk product, which is a limited benefit policy designed for substandard risks; and Simple LTC Solution, which offers a long-term care insurance and includes features, such as a policyholder co-payment for covered services.
In addition, it offers various riders to the base policies, including inflation protection, which provides escalating benefit amounts, and a nonforfeiture benefit, which guarantees certain paid-up benefits in the event the policy lapses in the future.
The company was incorporated in 1965 under the name Greater Keystone Investors, Inc.
and changed its name to Penn Treaty American Corporation in 1987.
Penn Treaty American Corporation is based in Allentown, Pennsylvania.
