Long term care insurance changes coming to New Jersey

Long Term Care Insurance

This could mean that consumers – particularly women – will be paying considerably higher premiums. According to the latest information from New Jersey, it appears that consumers should start to prepare themselves for some considerably higher long term care insurance premiums before the second half of this year. This will be especially true for women, who could also find their policy provisions more restrictive. Consumers are also being cautioned that this could happen at any time without any warning. The long term care insurance industry is blaming the historically low…

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Long term care insurance rates increases for women can be minimized

Long Term Care insurance

An industry group has recommended ways for female consumers to gain more affordable coverage. The American Association for Long Term Care Insurance has released an announcement that recommends that women who wish to purchase cheaper coverage will need to do so quickly as their opportunity to act before a premiums increase is running out. A new sex-distinct pricing format is about to be implemented, which will increase premiums by 20 to 40 percent. According to the American Association for Long Term Care Insurance (AALTCI) director, Jesse Slome, “Women have an…

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