Long Term Care Insurance » long term care insurance rates

What is Long Term Care Insurance and how does it work?

Insurance Planner — Wed, 10 Mar 2010 09:22:09 +0000

Long term care insurance is an insurance product sold in the United States and United Kingdom that helps provide for the cost of long-term care beyond a predetermined period. Long term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid. Age is not a determining factor in needing long-term care. About 60 percent of individuals over age 65 will require at least some type of long-term care services during their lifetime. About 40% of those receiving long-term care today are between 18 and 64.

Long-term care insurance generally covers home care, assisted living, adult daycare, respite care, hospice care, nursing home and Alzheimer’s facilities. If home care coverage is purchased, long-term care insurance can pay for home care, often from the first day it is needed. It will pay for a visiting or live-in caregiver, companion, housekeeper, therapist or private duty nurse up to 7 days a week, 24 hours a day (up to the policy benefit maximum).

A Long-term care insurance policy is sold by private insurance companies and usually covers medical care and non-medical care to help individuals with their personal care needs, such as bathing, dressing, using the bathroom, and eating. While a private long-term care insurance policy is not new, they have received added attention because of growing concern about future health care needs, as well as recent laws that impact the tax status of the benefits offered under these plans.
All you have to do is fill out one form, and then allow us to find the appropriate long-term care insurance company that best meets your needs. You will receive a free, no obligation long-term care insurance policy and can decide at that time whether or not to take the offer. Online long-term care insurance rates provides a place to shop dozens of long-term care insurance policies in the privacy of your own home without worry or hassles.

Benefits of buying Long Term Care Insurance at younger age and what it covers?

Insurance Planner — Mon, 22 Feb 2010 05:02:29 +0000

Many US citizens keep wondering that what is the best age to buy long-term care insurance. It is a type of insurance that is on everyone’s list of mandatory insurance to have. But still many people find themselves in confused state to decide when is the right time for them to buy it. No body is willing to spend their hard earned dollars on something they don’t need, so they prefer putting off buying long-term care insurance. You do not want to buy it at too young of age because then you end up paying for it for too long. Then on the other hand you do not want to buy at too old age because then the yearly long term insurance cost will be extremely high. One of the most important facts that young people fail to recognize is that insurance premiums generally increase about nine percent for each year that you wait to apply. The cost of the premium is lesser when one is younger. So it is advised that you should start on this policy as soon as possible.

This type of insurance includes more than just nursing and medical care and covers all the costs for all the health related crises arise that require stays not in hospital ‘ rehab facilities, alternative care facilities, and even home care in many situations.

Today, Internet plays a vital role in helping the customers quickly compare long term care insurance quotes side-by-side, offering them most affordable long term care insurance rates that suits your personal circumstances. You can just fill out a short quote request from, you will be matched with several agents, so you can compare your options and choose the long term care insurance policy that is right for you and can easily prepare for the future. When considering the different options, long term insurance cost may be a small price to have complete financial security and have more control over your care in those most critical times.