Long term care insurance costs are higher for women

November 26, 2012November 24, 2012 H. Cutner

Female policyholders typically generate higher expenses, meaning premiums could rise. A long term care insurance policy has never been an inexpensive product, but as data continues to show that women bring in much greater expenses on their plans, it could mean that premiums are about to change. This could mean that the coverage may become much more costly for female consumers. Until now, long term care insurance companies have been charging the same premiums to their clients, regardless of their gender. These plans help policyholders to pay for the cost…

Long term care insurance is often misunderstood, leading to poor choices

September 3, 2012April 30, 2013

Consumers make the right policy purchasing decisions when they understand the coverage. Misunderstandings regarding long term care insurance are widespread and growing and are currently causing consumers to make choices that aren’t in their best interest in terms of the financial protection needs of themselves and their families. The biggest mistake made is that people wait too long to purchase their coverage. The best time to look into purchasing long term care insurance is before a physical or mental condition has been diagnosed, which will lead you to require assistance…

Unique options for the U.S. long term care situation

March 30, 2011March 30, 2011 H. Cutner

With medical care costs still skyrocketing, many older adults are concerned about whether they need to have long-term care insurance (LTCI). This insurance was created to cover “long-term” type care that would not be covered by Medicare or other regular health insurance policies. There are affordable LTCI plans, and there are other options you should know about as well. In the state of the economy, people are wondering if they really need to continue to pay for insurance that may, or may not be needed as they get older. Long-term…