Purchasing enough Long Term Care Insurance
Do you know how much to purchase? How much will you need for your care or to help your family? To figure this out, you will not only need to know:
  • How much you and your family will need per month to sustain current costs of living, (For this amount, talk with your spouse or financial planner).

  • How much coverage you will need in case of a devastating debilitating illness or injury to cover long term care, (For this amount, see costs).
Long Term Care is expense!
It is difficult to know the benefits and coverage options that all insurance companies offer. Each insurance company will offer and request from you, different criteria. Some offer:
  • payment per day at a fix amount
  • payment of only a percentage of daily costs of care
  • inflation protection may or may not be included
  • easy to strict qualifying for monthly benefits
  • in-home care, while others do not
  • limits on type of care
  • limits on place of care
  • limits on medical equipment

The above issues are just a starting point, be sure to discuss and understand your policy before purchasing. If the unforeseen happens and you need long term care, the last thing you want to happen is to not have the coverage when you need it. So protect your independence and your families financial future today, fill out our on-line form and get the information you need right away (and the quote process is absolutely free, with no further obligation). Go to quote form.

Long Term Care coverage exclusions
Common exclusions are:

  • mental disorders or disease
  • attempts or injury from suicide attempts
  • drug and alcohol addictions
  • war injuries and illnesses
  • government paid treatment

Buying LTC coverage during health crisis
Some LTC Insurance companies will offer you a policy with exclusions to any pre-existing health condition. Most will reevaluate these exclusions and cover said exclusions, if you have no reoccurrence within 6-24 months (depends on the insurance company). Different companies have different policies on the legnth in time in which they will investigate the past health issues of a consumer. To clarify, here's an example: Insurance company #1 will only look at the past 5 years of your health history, to qualify you for coverage, however, company #2 may look at only the past two years. This may make a difference if you have had any medical related issues within these timeframes.

Protect your plan from inflation
Some policies will not allow inflation of benefits as cost of living and care expenses go up. These plans are NOT the best policies to purchase. You want the coverage you need now or 30 years from now, with same or equvilant benefits. Check with your insurance company to see if they offer this option.

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