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Long term care insurance discounts and costs vary more widely

August 28, 2013August 26, 2013 H. Cutner

A recent analysis has revealed that choosing the proper insurer can make a vast difference in the expense. A recent analysis has determined that there are considerable price differences offered among the leading long term care insurance companies in the United States, and that this knowledge could either save or cost consumers hundreds of dollars on an annual basis. This sector of the industry is in a state of flux, which is causing insurers to use different approaches to setting prices. According to the American Association for Long Term Care…

Long term care insurance pricing to factor in gender

August 1, 2013July 30, 2013 G. Turner

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…

Long term care insurance opportunities help to offer greater savings

June 13, 2013June 11, 2013 G. Turner

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…

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

May 2, 2013May 1, 2013 Julie Campbell

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…

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

April 19, 2013April 30, 2013

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…

Long term care insurance customers prefer home care

March 29, 2013March 27, 2013 G. Turner

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…

Long-term care insurance industry eyes gender-specific pricing

January 30, 2013January 28, 2013 Marc

Long-term care insurance to see major shift in policy pricing The long-term care insurance industry is making moves to break away from its traditional unisex focus to adopt a more gender-based pricing structure. Several long-term care insurance companies have begun focusing on health care information that separates women from men and these companies believe that the time is right to address the issues that these two parties represent by restructuring fees and altering the prices associated with certain policies. Genworth is one such company. Genworth to embrace gender-specific pricing Genworth…