Long Term Care Health Insurance

 
       

Intro - Long Term Care Insurance

What is LTC Insurance?

Long Term Care Issues

The Cost Factors

Types of Products

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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.

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July 23, 2008

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