Long term care insurance policies may need extra inflation coverage

Long Term Care Insurance Planning

Many experts are starting to recommend that added protection be purchased to ensure the coverage will be adequate. Although it may sound a little bit strange to hear that experts are recommending extra coverage for a long term care insurance policy, but that is exactly what is happening on an increasing basis in order to protect policyholders against inflation. Without that additional protection, some are starting to question the value of this type of policy in the first place. The executive director of the American Association for Long Term Care…

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Long term care insurance buying tips and tricks

Long Term Care Insurance

Acting Commissioner Ken Kobylowski has released advice for consumers to follow. In a news release from the New Jersey Department of Banking and Insurance, Acting Commissioner Ken Kobylowsky has provided a list of long term care insurance shopping tips to help consumers to make more informed and appropriate decisions regarding their own coverage needs. According to the HHS, 21 million people over 65 years old will need these services in their lifetimes. The United States Department of Health and Human Services (HHS) has reported that their data indicates that over…

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