Long term care insurance premiums vary broadly, but are higher overall

senior medicare cost of long term care insurance

The rates that are being paid for this coverage are dependent on a very large number of factors. A recently released industry report has shown that while the rates for long term care insurance have been rapidly on the rise, the premiums themselves vary broadly depending on a number of different factors that go into the calculations. The report showed that this year, the average rise for LTC insurance premiums was close to 9 percent. At the same time, even though the rates for long term care insurance have been…

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

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…

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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 becoming harder for women to buy

Long Term Care insurance for women

While some insurers aren’t selling the policies at all anymore, others are hiking their rates skywards. Long term care insurance is becoming much more of a struggle to purchase, particularly for women, as many insurers have been withdrawing from this sector, and those that have stayed in the game have been driving their rates up to the point that some customers are now paying as much as 40 percent more. This industry is, in some ways, facing the opposite effect that has been seen in the life coverage sector. Life…

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Long term care insurance rates increases for women can be minimized

Long Term Care insurance

An industry group has recommended ways for female consumers to gain more affordable coverage. The American Association for Long Term Care Insurance has released an announcement that recommends that women who wish to purchase cheaper coverage will need to do so quickly as their opportunity to act before a premiums increase is running out. A new sex-distinct pricing format is about to be implemented, which will increase premiums by 20 to 40 percent. According to the American Association for Long Term Care Insurance (AALTCI) director, Jesse Slome, “Women have an…

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Long term care insurance hikes on the way for thousands

Long Term Care Insurance

Many consumers may soon discover that they will be paying more for their coverage. Thousands of consumers are beginning to discover that there are considerable increases to long term care insurance rates that are being implemented at the moment and that are scheduled for the near future. Many are afraid that this may make the coverage cost prohibitive and are afraid they may have to cancel. The long term care insurance industry has already been facing challenges in terms of its costs and in keeping its policyholders. Now, even many…

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Long term care insurance costs are higher for women

Long Term Care Insurance

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…

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Long term care insurance rates are on the rise

Health insurance plan

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…

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The price of long-term care insurance coverage is on the rise

As the Baby Boomer generation comes to the cusp of the discovery that long-term care insurance may be a wise step to cover potential upcoming needs, the insurance industry has found that this sector of its marketplace is withering, the price of its policies is skyrocketing, and the available coverage is being changed by the insurers. Long-term care insurance is the coverage that has been designed to provide payments for the medical services that are not usually covered by standard health insurance, for example: in-home care, nursing homes, and assisted…

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Employees may qualify for long-term care more easily through employers

LTC Financial Partners LLC. – one of the leading long-term care insurance companies in the United States – has released a statement to Americans in the hopes of assisting them to more easily obtain long-term care insurance and at a better rate simply by asking their employers about it. According to the senior vice president of business development for the insurer, Dan Cahn, by asking their employers about this coverage “could save you time, paperwork, and money — even if your workplace has no group LTC benefit in force.” The…

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