Live Insurance News

Long term care insurance remains greatly misunderstood

July 29, 2012July 27, 2012 Julie Campbell

A survey shows many consumers still have many misconceptions about coverage. The annual Cost of Care Survey results have been released by Genworth and have shown that long term care insurance remains misunderstood and many people in California still don’t know how to obtain the best policy for the lowest cost. The price of medical services has spiked significantly over the past five years. This has made it vital that residents of the state protect their financial futures against potential unexpected medical costs. In order to do this properly, individuals…

Long term care insurance most common claim is Alzheimer’s disease

July 24, 2012July 23, 2012 Julie Campbell

This form of dementia causes a significant percentage of LTC nursing home claims. According to an American Association for Long Term Care Insurance report, the leading cause of nursing home claims paid for by this type of coverage is Alzheimer’s disease. Just over one quarter of LTC insurance claims are the result of the mental illness. Data from the Alzheimer’s Association has shown that at the moment, there are 5.4 million people in the United States with the condition, and that one out of every eight older Americans has it.…

Long term care purchased at the right time can bring discounts

July 20, 2012April 30, 2013

A recent study shows that policies bought before retiring are more affordable. New long term care insurance research is showing that almost 40 percent of the survey’s respondents made payments of less than $1,499 per year, helping to dispel the myth that this coverage must be expensive. There are many ways to save on this type of policy in order to make it more affordable. According to the American Association for Long Term Care Insurance executive director, Jesse Slome, “One of the biggest misconceptions is that long term care insurance…

Decrease your risk of needing to use long term care insurance

July 14, 2012 H. Cutner

Though coverage remains important, it is still better not to have to make a claim. Long term care is a vital coverage for many people to have in case they should ever be injured or become ill, requiring medical services and assistance that would otherwise be financially burdensome or crippling, but it doesn’t mean that you’ll want to make a claim just because you’re covered. As much as it is a good protection to have, it is still best to take care not to have to use it. For one…

The costliest states for long term care services

July 12, 2012 Marc

Genworth Financial has released a study regarding the most expensive places for assistance. A study by Genworth Financial Inc. has identified the states in which long term care insurance is most important due to the highest costs of services for the sick and the elderly. It found that Massachusetts has the highest price tags in the country for these services. Residents of the Bay State face the greatest expense for services designed for caring for the elderly and the unwell. At the same time, according to the study, the people…