Long Term Care Insurance quotes from Insurance Planners you can trust Auto Insurance Quotes
Long Term Care Insurance Planners Get your long term care insurance policy from Insurance Planners today
Get Free Long Term Care Insurance Quotes Long Term Care Insurance Information & Basics Long Term Care Insurance Buying & Shopping Tips Long Term Care Insurance Policy Frequently Asked Questions about Long Term Care Insurance
Get your free online Long Term Care Insurance quotes today!

Money Saving Tips on Long Term Care Insurance

1. SHOP AROUND! Premiums vary greatly in Long Term Care Insurance. We represent most of the major Long Term Care Insurance companies and we find differences of 10% to 50% in the premium charged for essentially the same policy benefits. Use an independent broker who will give you a quote and represent you.
2. WEIGH BENEFITS AGAINST COST! Know which policy benefits are important to you.
3. LONGER ELIMINATION PERIODS! A 0 day elimination period makes the premium higher than a 90 day elimination period. Most people can afford to pay the first 90 days, and Medicare, HMO’s and Supplements may cover all or part of these expenses. It works just like an auto insurance policy deductible…the larger the deductible the lower the premium will be.
4. LONGER BENEFIT PERIODS! Cover the catastrophic need. Lifetime coverage is most desirable, since you will not outlive the benefits. Although it does not happen often, a long term care need can last for over 10 years. This allows enough time to plan your estate disposition. Any property you transfer within three years of a Medicaid Application is subject to possible reversal and criminal penalties.
5. AGE CHANGES Birthdays increase the premium anywhere from 4% to 10% depending on your attained age. By purchasing when you are younger and in good health you will always pay less premiums and your coverage will be assured for a longer period of time.
6. SPOUSAL DOMESTIC PARTNER DISCOUNTS Most insurance companies offer a discount for a husband and wife applying for coverage at the same time. A few insurance companies offer discounts for a joint applicant. Any two individuals living together in the same household may qualify for this benefit.
7. SIMPLE INTEREST VS. COMPOUND INTEREST Anyone under 70 should give strong consideration to either a simple interest or a compound interest Cost of Living Adjustment (COLA) Rider. This will allow your benefits to keep pace with inflation. If you are approaching 70 and find the cost of the compound inflation rider prohibitive, consider the simple interest inflation rider, or purchases somewhat higher benefits that you need today without the inflation rider to compensate for future long term care costs.
8. SOMETHING IS BETTER THAN NOTHING If nursing home costs are currently $150 a day in your area, and you can only afford a day plan, go ahead. Right now you are self-insuring 100% of the exposure. It is certainly better to have two thirds (66.7%) covered now than nothing at all. Don’t procrastinate because of high premiums. Pick a premium you can afford and purchase a Long Term Care Insurance plan based on your budget.
9. BIGGEST BENEFIT IS PEACE OF MIND Studies show that the most important reasons people purchase Long Term Care Insurance is to protect assets and to assure that they will not be dependent on others.
10. WE CAN HELP YOU SAVE get a quote or
contact us at (866) 582 - 0003
Add this page to your Favorites!

LTC Newsletter Archive
LTCI Featured Monthly Article & Website Reviews
LTC Insurance Basics
Covered Services
Why Buy Long Term Care Insurance?
Myths and Facts
Sample Quotes
Long Term Care Insurance Rates
LTCi and Your Retirement Plans
Medicaid Eligibility
Alzheimer's & Costs to Family Caregivers
Choosing an Assisted Living Facility
Insurance Buying Tips
Insurance Shopping Tips
Choosing the Right Insurer
About the Policy
Long Term Care Insurance Benefits
Optional Benefits
Benefit Triggers
LTC Policy Exclusions
LTC & Tax Deductions
Group Long Term Care Insurance Plans
Inflation Protection
*NEW!* - Nursing Homes & LTC Costs in 50 States
Long Term Care Insurance Press Releases
Long Term Care Insurance Resources
Long Term Care Insurance Planners Home | About Us | Privacy Policy | Legal Disclaimer | Site Map
Copyright © Inspolicy 2005 Long Term Care Insurance - LTC Planners
All Rights Reserved
Site Powered By Zeus Registry Web Hosting