Will my children be able
to afford the care I need?
Nobody enjoys receiving a letter stating their premiums are going up. Unfortunately, it may not be a matter of “if” but “when”.
The more you understand about Long Term Care Insurance premium increases the better you can make educated decisions. Here’s what you need to know.
Long Term Care Insurance rates are based on your age, gender, health, and marital status. With each year that goes by, the cost of obtaining coverage gets higher. That’s why it’s important to consider your options and apply for coverage before your next birthday.
In recent years, carriers can now price coverage based on gender. Women are statistically more likely to use their coverage and for longer periods of time. This makes coverage for women more expensive than men.
May is Mental Health Awareness Month! At LTC Consumer, we understand the importance of drawing awareness to common mental health issues, including the effects of caregiving on your mental health.
Long Term Care Insurance (LTCI) is a benefit many policyholders may not use for 20-30 years. After buying a policy and tucking it away in a safe place, it may be difficult to remember how the claims process works when you need to use it.
When a policyholder is identified by a physician as being unable to do two out of six activities of daily living (eating, bathing, dressing, transferring, toileting, continence), or is diagnosed with a cognitive impairment, they are generally eligible for LTCI benefits.
If you’re helping a parent or loved one file an LTCI claim, the claims process may be new to you. Use these four tips to help make the claims filing process a little easier.
Just like you shop around for the best auto insurance coverage, you should also shop around for Long Term Care insurance (LTCI). Here, we’re helping you by recommending our top three picks for Long Term Care Insurance companies.
Our review comes from decades of experience working in the LTCI market. We’ve watched carriers come and go, release policy series rate increases, innovate with new products, and most importantly, pay claims.
Learn more about these top three LTCI carriers (in alphabetical order) and why they’re leading the market today.
Long Term Care Insurance (LTCI) underwriting differs from most other insurances you buy. Auto and Homeowners insurance rarely ask personal questions about your health while Life insurance gets more personal with physicals and urine, blood, and saliva tests.
Many people think since they passed Life insurance underwriting they’ll qualify for Long Term Care Insurance. Unfortunately, that’s not always the case. With Life insurance, insurance carriers are underwriting for your mortality. With Long Term Care insurance, they underwrite for your morbidity.
Buying insurance shouldn’t be difficult. Now you can shop for Long Term Care insurance (LTCI) online from the comfort of your own home!
Save time and energy by shopping online for insurance whenever and wherever you want. You can even schedule a planning appointment with an LTC specialist at a time that’s convenient for you and your spouse.
Get to know these perks and more when you buy LTCI online.
The high cost of long-term care can tap into your income, drain your savings, and affect your quality of life. Finding tax-free ways to pay for coverage can help you plan for your future while easing expenses now.
Don’t forget you can use HSA funds to pay a portion of your Long Term Care insurance (LTCI) premiums. Learn more about HSAs, including how they work and ways to save.
Tax season is upon us and we are getting down to the wire! As you finish up your 2016 taxes, remember you may be eligible to participate in premium tax deductions in your state.
If you haven’t applied for and been approved for Long Term Care coverage, now is the time to get covered and enjoy the tax deductions you deserve in 2017.
When you’re approved for Long Term Care insurance, you’ll receive a consumer-friendly 30-day free look period as mandated by federal and state law. If you’re not sure you want to keep your coverage, this is your window of time to cancel the policy for a refund.
Consider these tips to make the most of the free look period for Long Term Care insurance.
