Is it time to think about long term care insurance

Among all of the different kinds of insurance given priority among Americans, long term care (LTC) insurance rarely makes the top of the list, but that doesn’t mean that it isn’t something that can offer great benefit. It is important to understand LTC insurance before buying a policy or failing to do so. While you speak with your insurance agent about your portfolio, it may be wise to consider LTC if it is something that he or she has recommended. All too many families have found themselves facing severe financial…

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Connecticut long term care premiums increase due to rising costs

Many Connecticut insurance policy holders for long-term care have experienced a notable increase in their rates, marking the beginning of a trend that is likely to persist as a result of rising costs. Premiums spiked by double-digits for many among these policy holders, leaving them to wonder how much more they will need to pay in future months. Connecticut is not alone in these increases, as several other states have just filed rate actions, as well. These rate increases are being justified by rising costs and the need to compensate…

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

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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