Long term care insurance is becoming more popular

Long Term Care insurance Costs

Americans are beginning to discover the importance of this coverage and are starting to buy again. The latest trend in long term care insurance in the United States appears to be the increasing recognition of the importance of this kind of coverage, and therefore a rise in the number of policies that are actually being purchased. This type of policy has been available to Americans for approximately 40 years. However, as it is an expensive form of insurance policy, many people have avoided it as they have prioritized other expenses…

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Long term care insurance commission offers advice to Americans

Long Term Care Insurance Industry

At the same time that they provided these recommendations, they didn’t offer advice for paying the premiums. The recommendations of a commission that was created by Congress in order to help to address the rapidly growing need for long term care insurance coverage have now been released with an important detail lacking from the advice. No consensus could be found regarding the way that these pricey services will be paid for. The proposals were an element of a bipartisan supported long term care insurance report from nine out of the…

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Long term care insurance pricing to factor in gender

Long Term Care Insurance cost for women gender

Women are about to see their LTCI premiums head skyward compared to those paid by men. The average lifespan of a woman is considerably longer than that of a man and, for the first time in the United States, some long term care insurance companies are seeking to make them pay higher premiums to help to compensate for the higher costs that this longer lifespan entails. Pricing that is gender specific is something that has been tossed around for some time now. As long term care insurance providers seek to…

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Long term care insurance opportunities help to offer greater savings

Long term care insurance planning

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…

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Long term care insurance not a high priority for many in the US

Long Term Care Insurance

New research has shown that the coverage and other preparations for LTC is not a top concern. According to the results of a new poll, which looked into the way that people aged 40 and higher are making preparations for their future aging needs, the trend is that few are making a high priority of taking out long term care insurance and making other preparations to pay for the costly assistance that they may one day need. Two thirds of the participants in the study said that they had planned…

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Long term care insurance to take some pressure from Medicaid and Medicare

Long Term Care insurance Costs

These expenses could start to threaten these healthcare programs if the coverage doesn’t take off. The latest reports about the number of people who are purchasing long term care insurance are revealing that if this trend continues, it could end up leading to a considerable amount of strain on the Medicaid and Medicare programs than they have faced in the past. Many parts of the country see expenses greater than $100,000 per person for these services. As this level of cost can rapidly deplete a family’s finances, it can rapidly…

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Long term care insurance customers prefer home care

long term care insurance trends

Research has shown that this is the preferred way to use the benefits when it is possible. When it comes to the buyers and users of long term care insurance policies, studies are showing that the benefits are primarily being used for home care as opposed to residence in a nursing home or other form of assisted living facility. It is the type of coverage that people don’t like to think about and that they hesitate to buy. However, among those who do buy it, certain trends are being identified…

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