Employer Sponsored Long Term Care Insurance is insurance provided as an employee benefit to cover the potentially catastrophic financial impact of an illness or period of frailty where long-term care is required. The market for long-term care insurance exploded during the 1990s and has continued to grow throughout the early portion of the twenty-first century. This market has two key segments: one for individual policies and the other for employer-sponsored and other group products. Sales of employer-sponsored long-term care policies generated premiums of nearly $55 million in the year 2001 (more…)

By definition, Long Term Care Insurance is a type of health care that being offered to people who need help in securing their daily activities in the future. More than 13 million people in the United States need long term health care insurance; from that number 40 percent of them are older people. There are wide options available to be offered to individuals commensurate with their quality health care needs. (more…)

Almost all of long-term care insurance now has added up riders that boil benefits policy included. This is one of the strategies of insurance companies to encourage policyholders to add these features in attractive packages. It is common to give discounts for these riders. There may be many reasons for the purchase of insurance. (more…)

It is often suggested that everyone should buy long-term care insurance at the age of youth. This is because at that time, premiums are low compared to old age. The risk of having critical illness related to health and disability are greater as people growing old. (more…)

Most physicians have contracts with physician managed care plans. The Center for Studying Health System Change (2002) reported that 91 percent of physicians had one or more managed care contracts in 2001. On average, responding physicians had contracts with 13 managed care plans and received nearly 46 percent of their practice revenue from these plans. These reports are broadly consistent with earlier surveys conducted by the American Medical Association (AMA 1998), (more…)

Many insurance companies are facing some regulatory barriers to the development and sale of some long-term care insurance. But the way regulation does not face a major obstacle to insurance growth. Long-term care is usually covered by the insurance departments of the State in accordance with the provisions of other types of insurance such as Medicare covered additional medical, disability insurance and homosexuals. (more…)

For most of us, our house is our largest asset. We expect to pass this inheritance along to our children. In some cases, you can keep your house and still have long-term care insurance plan; but more often, you may need to use the real estate equity you’ve accumulated through your lifetime to pay for your very old age. (more…)

Insurances’ Long Term Care Policy, is one of the ONLY ways any person can guarantee themselves, they won’t have to go to a nursing home unless that is their desire!

The insurance industry’s Long Term Care Policy (L.T.C. Policy), is a little sought after product since it’s inception in and about the mid fifties. (more…)

Long-term care insurance is a good financial protection vehicle for anyone who has enough assets to protect and can comfortably afford the premiums. It can help ensure that all of the time and effort you have spent on acquiring a sufficient retirement income is not lost due to the rising costs of long-term care.

There are several specific advantages for couples purchasing long-term insurance. (more…)

Unlike most acute health care insurance, almost all long-term care insurance is sold on an individual rather than on a group basis. Moreover, those insured must pay all the premiums themselves. By contrast, most acute care group insurance is employment based and largely paid by the employer. Only about 10 percent of the elderly, however, are still working, and only a minority have any employer-sponsored health benefits. (more…)