Tag: long term care insurance premiums

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

Julie Campbell
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 study shows heightened need for coverage planning

H. Cutner
Long Term Care Insurance Research

A report from the AALTCI has shown that education is required when planning for options later in life. The American Association for Long Term Care Insurance (AALTCI) has just released the results of a national study that has identified and underlined the tremendous toll that is being taken by the overwhelming majority of adults who are providing the care services for an aging spouse or parent. Every year, these individuals are providing billions of dollars worth of services, completely unpaid. The director of the national trade group for the long…

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Long term care insurance pricing to factor in gender

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…

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Long term care insurance opportunities help to offer greater savings

G. Turner
Long term care insurance planning

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…

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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

H. Cutner
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 prices are soaring

Long Term Care insurance Costs

The cost of coverage for nursing home fees is up by double digits this year. The price associated with covering oneself against the cost of a nursing home or other similar forms of assistance service is skyrocketing, as long term care insurance premiums rise by 6 to 17 percent this year. The amount of the increase depends on the type of coverage that is purchased. This data is from the American Association for Long Term Care Insurance. Many insurers in this sector are finding that they are losing money and…

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