Live Insurance News

Long term care insurance will still be more expensive for some women

February 27, 2013February 26, 2013 H. Cutner

Though federal laws don’t allow gender biased premiums calculations, basic daily tasks can still be expensive. Although the federal law that will go into effect next year has stated that gender cannot be factored in to premiums calculations for health coverage, that regulation doesn’t take into account the basic daily life tasks that are covered by long term care insurance. The Affordable Care Act will prohibit insurers from charging women more than men for the same policy. Unfortunately, this law does not cover long term care insurance. This means that…

Long term care insurance rates increases for women can be minimized

January 26, 2013January 24, 2013 H. Cutner

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…

Long term care insurance hikes on the way for thousands

December 22, 2012April 30, 2013

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…

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…

Health care reforms haven’t eliminated LTC struggles

November 26, 2012April 30, 2013

Problems with long term care costs are one riddle that remains unsolved by the federal overhaul. Although the health care reforms of 2010 were designed to help to make coverage and care affordable and available to all Americans, the insurance news issue of long term care insurance and the rising expenses associated with it is not among the problems being dealt with by the changed laws. The question of how to pay for LTC costs is still nagging the country and its aging population. The health care reforms were designed…