Things To Know Before You Buy Long Term Care Insurance

Compare Plans - Get Quick Free Quotes

Age(s)
Age(s)

PLUS, Receive 2 FREE Books -
Long Term Care Insurance & Preventing Dementia

Things To Know Before You Buy Long Term Care Insurance

You should buy a long-term care insurance policy apart from your regular health insurance plan because health insurance policies do not cover long term care costs. When you have to hire someone to help you with your activities of daily living or you have to stay in a long-term care facility, the long-term care policy will pay for the incurred expenses.

However, before buying a long-term care policy, you have to know the regulations and pre-requisites for such a policy.

  • Unlike, regular health insurance, long term care policy does take into consideration your current and previous health condition. The policy is subject to medical underwriting.
  • Your application will not be approved if you have been receiving long term care services or you cannot perform your daily activities without help
  • People with the following conditions are generally not approved to buy a long-term care insurance policy- Alzheimer’s disease, dementia or any other cognitive impairment, metastatic cancer, Parkinson’s disease or multiple sclerosis, history of strokes or AIDS
  • Buy the right amount of insurance - If you buy more coverage than required, you have to pay unnecessarily for the excess. You can estimate how much of the long-term care costs can be managed on your own. On the other hand, if you buy inadequate coverage, the long-term care costs will eat away your savings or you have to depend on others for financial help.
  • Calculate your ability to keep paying the premiums for long-term care insurance for as long as it takes. It will become difficult to pay the premiums after retirement.
  • In order to get good rates, you should buy the policy at a relatively young age when you are in good health.
  • You should read the terms and regulations of some of the polices, get quotes and compare them before taking the final decision.
  • Long-term care insurance policies have many terminologies which can be confusing. It is best to consult and take the guidance of professional insurance experts while choosing the right long-term care policy. They can assess your situation correctly and advice you to buy the most suitable policy.
  • You should not be rushed to take any decision as that may end up in wrong choices.

Given the high probability of a person needing long-term care services, you should definitely consider buying some amount of long term care insurance coverage.

More Useful Links:

Where to Buy Long Term Care Insurance

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS

  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*

WHY US?

At QuickHealthInsurance.Com, your quotes are delivered by one single specialist, who
helps you choose the best features and discounts, without over-buying
coverage. Avoid mistakes when planning your long-term care policy
with one-on-one guidance from us.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.

Age(s)

PLUS, Receive 2 FREE Books -
Long Term Care Insurance & Preventing Dementia

Things To Know Before You Buy Long Term Care Insurance

You should buy a long-term care insurance policy apart from your regular health insurance plan because health insurance policies do not cover long term care costs. When you have to hire someone to help you with your activities of daily living or you have to stay in a long-term care facility, the long-term care policy will pay for the incurred expenses.

However, before buying a long-term care policy, you have to know the regulations and pre-requisites for such a policy.

  • Unlike, regular health insurance, long term care policy does take into consideration your current and previous health condition. The policy is subject to medical underwriting.
  • Your application will not be approved if you have been receiving long term care services or you cannot perform your daily activities without help
  • People with the following conditions are generally not approved to buy a long-term care insurance policy- Alzheimer’s disease, dementia or any other cognitive impairment, metastatic cancer, Parkinson’s disease or multiple sclerosis, history of strokes or AIDS
  • Buy the right amount of insurance - If you buy more coverage than required, you have to pay unnecessarily for the excess. You can estimate how much of the long-term care costs can be managed on your own. On the other hand, if you buy inadequate coverage, the long-term care costs will eat away your savings or you have to depend on others for financial help.
  • Calculate your ability to keep paying the premiums for long-term care insurance for as long as it takes. It will become difficult to pay the premiums after retirement.
  • In order to get good rates, you should buy the policy at a relatively young age when you are in good health.
  • You should read the terms and regulations of some of the polices, get quotes and compare them before taking the final decision.
  • Long-term care insurance policies have many terminologies which can be confusing. It is best to consult and take the guidance of professional insurance experts while choosing the right long-term care policy. They can assess your situation correctly and advice you to buy the most suitable policy.
  • You should not be rushed to take any decision as that may end up in wrong choices.

Given the high probability of a person needing long-term care services, you should definitely consider buying some amount of long term care insurance coverage.

More Useful Links:

Where to Buy Long Term Care Insurance

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS

  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*

WHY US?

At QuickHealthInsurance.Com, your quotes are delivered by one single specialist, who
helps you choose the best features and discounts, without over-buying
coverage. Avoid mistakes when planning your long-term care policy
with one-on-one guidance from us.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.