Tag: long term care coverage

Couples should consider shared long term care insurance

Long Term Care Insurance

Financial protection is less expensive when this option is selected. Though many people know that long term care insurance is a highly important element of financial protection, and that most will require it in their retirement, the cost of this coverage stops many people who should have it from buying it. Shared care is, therefore, becoming much more popular among married couples due to the savings it offers. With these joint LTC policies, a couple is able to purchase benefits that are combined between them and that can be used…

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California commissioner announces new legislation for long term care insurance

Long Term Care Insurance

AB 999 has been passed by a vote of five to three. The California Department of Insurance has issued a press release that detailed Commissioner Dave Jones’s announcement regarding the passing of AB 999, which was authored by Assembly Aging and Long Term Care Committee Chair, Mariko Yamada (D-Davis). Commissioner Jones had sponsored the bill, as did the California Department of Insurance. It has been written to increase consumer protection from the risk of excessive premium rate volatility, through the modification of the existing calculation process for the rates for…

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Younger consumers are buying – and benefitting from – long term care coverage

Julie Campbell
Building Insurance Costs

Linked long term care coverage is starting to appeal to a younger audience due to claims with large payouts. In order to maintain coverage against the high costs of long term care, a growing number of national insurers are now offering a combination product that includes life insurance with the option for LTC benefits. This information was drawn from the 2012 Buyer Study, which was performed by the national trade group, the American Association for Long-Term Care Insurance. These products that offer linked benefits (also known as combination policies) are…

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

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…

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