|
How Much Does It Cost?
Long term
care health insurance is not as expensive as many people think.
Many options can be customized to fit your specific needs and
budget. The actual cost of your coverage will depend on a number
of factors including:
- Your age
when you apply
- The length
of time during which benefits will be paid
- Specific
policy features and benefits you select
Many people
have found effective ways to pay the insurance premium, including:
- Interest
from general savings
- Dividends
- Annuity
income
Can My
Insurance Premiums Change?
Once you
are covered, your policy should be guaranteed renewable as long
as your premiums are paid on time. The insurance company might
reserve the right to adjust future premiums for all policyholders
in the same class and state; however, you should never receive
a rate increase because of your age, change of health, or claims
history.
For an approximation of the cost
of long term care health insurance, click
here. |