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…)

Insurance can be one of your greatest costs, so it pays to evaluate it annually. But you’ll definitely want to ensure that policy terms and regulations, as well as your own needs, haven’t changed. Are you on the best plans possible at the least possible insurance cost? Be sure that each insurance company you use still is highly rated. Are beneficiaries correct? (more…)

Some people over 60 decide to “self-insure” their lives by giving up their life insurance policy. But let’s assume that you still have life insurance. There are ways to use the money in these policies to pay for your long-term care insurance costs.

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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…)

The chances are that without realizing it, you might in fact have already tapped into the long-term health care system, although not into a nursing home. We like to think of long-term care as the concern of senior citizens, but the term has a broader legal meaning. Long-term care involves becoming cognitively impaired, or the expectation that you will be unable to manage at least two of the six activities of daily living (more…)

A vital ingredient in any successful long-term care insurance plan is to have an affordable policy without sacrificing good coverage. If you receive quotes from several highly rated insurers and yet find that the premiums are still too much to bear, there is no need to panic and assume that long-term care insurance costs too much. You may be able to adjust the benefit amounts of the original quotes to bring the premiums more in line with your expectations;and ensure an affordable policy. One way to lower premium costs is to make sure you know what the actual costs of care are in your area. (more…)

Buying long term care insurance is bringing some though and education to put together. Choosing the right insurance for this purpose should not be taken lightly due to many factors involved. The idea of self funding long term care is not realistic for most people. With the average annual cost of nursing home care, assisted living and home health care rising, the cost of a few years of long-term care can wipe out nearly every American’s retirement savings or investment. Transferring the risk of nursing home or long term care costs to an insurance company maybe one of the most crucial financial decisions you make. (more…)