Category: Long-Term Care Insurance
Choosing between long-term care and long-term disability coverage
Posted August 26, 2015
Did you know that according to the American Journal of Public Health, two-thirds of all bankruptcy filings are at least partially caused by medical problems? It causes huge financial distress because of the high cost of care, as well as the missed work due to injuries or illnesses. Differences: LT Care Insurance vs. LT Disability […]
Age, health, and qualifying for long term care insurance
Posted August 24, 2015
There may come a time when you decide to shop for a long term care insurance policy. Some people do this early in life, while others continue to put this off. Many factors come into play when shopping for coverage. Not only will you consider your situation, but insurance companies will examine many details to […]
Are you surprised by these long-term care insurance details?
Posted August 3, 2015
It doesn’t matter how much you know about long-term care insurance, if the time comes to purchase a policy you should become familiar with the finer details. This is the only way to ensure that you are comfortable with the coverage you are getting. Most people understand the basics of long term care insurance, including […]
Can you use your long-term care insurance if you retire overseas?
Posted July 27, 2015
Increasingly, Americans are choosing to spend their retirement years living abroad. Between 2003 and 2013, the number of people receiving their Social Security benefits outside the U.S. grew by 50 percent. There are certainly many advantages to embracing the life of an expat, even if you simply go north or south of the border. However, […]
Have you answered these long term care insurance questions?
Posted July 20, 2015
When you consider the benefits of long term care insurance, this may be one of the most important decisions you make. Are you going to purchase a policy, or will you continue to put this off? Due to the complexities of long term care insurance, many people put this on the backburner, never purchasing a […]
What happens if you miss a long-term care insurance payment?
Posted July 8, 2015
As we’ve discussed here before, purchasing a long-term care insurance policy can be a prudent move. It can help cover the costs of care in your later years. However, it’s essential to pay your premiums on time. Even one missed payment can result in cancellation. One Glendale, California, woman learned that the hard way. She […]
How your long term care policy is priced
Posted June 30, 2015
If the time comes to purchase long term care insurance, you need to become familiar with your many options, including the companies that sell policies and the coverage you can receive. Early in the process, you want to learn as much as possible about how long term care insurance is priced. This will help you […]
My doctor says I am disabled, my insurance carrier disagrees
Posted June 24, 2015
If it comes time to make a disability claim, there is no denying the fact that you will be required to consult with a medical professional. This person will examine you in an attempt to help determine if you are disabled and unable to return to work. Even if your doctor states that you are […]
How To Save Big On Long Term Care Insurance
Posted June 12, 2015
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Did you know that someone turning 65 has almost a 70% chance of needing some type of long term care? Or that the average annual cost of an assisted living facility is $43,200, and the average length of stay is 3.7 years for women and 2.2 years for men?
Ways to help ensure that your long-term care claim isn’t denied
Posted June 3, 2015
When it comes time for you, a parent or older loved one to make a claim on a long-term care insurance policy, you may believe that there will be no complications. An LTC policy is a wise choice to help cover the cost of assisted living, nursing home or at-home care when you reach the […]