cost of long term care insurance Archives

Long term care insurance coverage costs continue their climb

May 16, 2014May 14, 2014 G. Turner

The price tag for these often vital policies are ever on the rise and show no sign of slowing down. For many people, the type of coverage that is provided by long term care insurance is an absolute necessity, because if they reach the point that they are no longer able to perform their own daily living activities – such as dressing, bathing, grooming, and preparing their own meals – they would not have the financial ability to pay for the assistance that they would require. Among those without coverage,…

Long term care insurance study shows women will soon pay much more

October 30, 2013March 15, 2014 Julie Campbell

Long Term Care Insurance for women and men

At the same time, it has revealed that it is still possible to take advantage of savings for a short time. The American Association for Long Term Care Insurance has now released the results of a study that has investigated the cost of purchasing this coverage for single women, and the direction that it is taking. It found that women in half of the states still have a chance to save between 40 and 60 percent. The key to being able to benefit from these long term care insurance savings…

Long term care insurance study shows heightened need for coverage planning

September 3, 2013August 31, 2013 H. Cutner

A report from the AALTCI has shown that education is required when planning for options later in life. The American Association for Long Term Care Insurance (AALTCI) has just released the results of a national study that has identified and underlined the tremendous toll that is being taken by the overwhelming majority of adults who are providing the care services for an aging spouse or parent. Every year, these individuals are providing billions of dollars worth of services, completely unpaid. The director of the national trade group for the long…

Long term care insurance opportunities help to offer greater savings

June 13, 2013June 11, 2013 G. Turner

The option for guaranteed purchase helps to keep costs down, but it is important to watch for varying provisions. The latest new options in long term care insurance are now providing people in their fifties and sixties with the opportunity to lower the expense associated with their coverage by hundreds of dollars every year. This may help people to be able to buy the coverage they need at a price that can fit within their budgets. Jesse Slome, the American Association for Long Term Care Insurance (AALTCI) director “The Guaranteed…

Long term care insurance changes coming to New Jersey

April 10, 2013April 9, 2013 G. Turner

This could mean that consumers – particularly women – will be paying considerably higher premiums. According to the latest information from New Jersey, it appears that consumers should start to prepare themselves for some considerably higher long term care insurance premiums before the second half of this year. This will be especially true for women, who could also find their policy provisions more restrictive. Consumers are also being cautioned that this could happen at any time without any warning. The long term care insurance industry is blaming the historically low…

Long term care insurance prices are soaring

October 26, 2012April 30, 2013

The cost of coverage for nursing home fees is up by double digits this year. The price associated with covering oneself against the cost of a nursing home or other similar forms of assistance service is skyrocketing, as long term care insurance premiums rise by 6 to 17 percent this year. The amount of the increase depends on the type of coverage that is purchased. This data is from the American Association for Long Term Care Insurance. Many insurers in this sector are finding that they are losing money and…

Long term care insurance rates are on the rise

August 12, 2012August 11, 2012 Julie Campbell

Prices are increasing for new policies in both individual and group plans. Experts in the coverage industry are now saying that the price of a long term care insurance policy is currently on the way up. The risk is that it may cause them to become cost prohibitive for the middle class The price increases for new policies of long term care insurance aren’t climbing only in individual coverage, but many group policies are also on the rise. In fact, when compared to five years ago, there has been an…