Long term care insurance (LTCI) remains a confusing topic for most individuals. Often, people find themselves at a crossroads when it comes to this type of insurance, and some are just baffled by it. For a matter as important as long term care coverage, we really cannot risk too much. So the best way to defeat the confusion that surrounds LTCI is to discuss the issues surrounding it.
This is why InsuranceDiaries.com aims to achieve in this post. Through each post, we strive to make LTCI easily manageable for everyone who needs it. So, let’s talk about it, shall we?
Do not forget to share your thoughts with us. Let us answer all your concerns and queries about LTCI together. Cheers!
There are difference ways to find and secure LTCI coverage. It all depends on what is applicable and more convenient for you.
A group policy’s advantages include not having to meet the medical requirements, or the screening process may not be as strict as applying for an individual policy. It is possible to keep the coverage even after leaving the company or until the group plan gets canceled.
Having a relative or a family member who is a state or public employee or retiree gives the opportunity to purchase LTCI under a state government program.
Here are additional tips on how to maximize shopping for LTCI:
Be sure to shop around to find the policy that would suit your potential needs and conditions. LTCI is largely beneficial to every American at risk of needing long term care. You just have to be wise about the decisions that you make and the people you speak with.
Administration on Community Living (National Clearinghouse for Long-Term Care Information)
A government website that discusses in great details long term care in the United States. It talks about the basics of long term care, as well as provide useful data to guide individuals in their planning.
A health insurance program managed by the government for older adults age 65 and older, younger people with certain disabilities, and individuals with End-stage Renal Disease.
An LTCI company and information hub discussing various long term care-related issues.