Long Term Care Insurance Articles - AgingCare.com

Long Term Care Insurance Articles

LTCI is a complex product, and family caregivers are often unaware of the specifics of a senior’s policy. Use this checklist to learn about coverage and the information needed to file a claim for benefits.

Long-term care insurance (LTCI) is one option for ensuring that you will be able to afford long-term care should you need it. This kind of product provides coverage for types of care that Medicare, Medicaid, and traditional health insurance do not.

Long-term care insurance rates for women could soon rise by as much as 60 percent. Find out why and how to avoid price hikes.

Use this guide to explore all your options, such as insurance coverage, benefits and out-of-pocket sources, that can be used to pay for home care.

Options for funding future care are dwindling for the millions of baby boomers who will need pricey long-term services as they age, according to a recent industry analysis.

Some long term care insurers offer policies where two people share one pool of benefits, known as "shared care" policies.

Generally, the younger you are at the time you purchase, the less expensive the premium and the greater the likelihood you will be health-qualified and accepted for coverage.

Long-term care insurance can be a sound investment, potentially saving you and your loved ones thousands of dollars in future care. Shared long-term care insurance plans may offer a cheaper alternative.

There are many considerations to take into account when buying a long-term care insurance policy. Make a better long-term care insurance purchase and save money after taking a look at these factors.

At what age should you purchase long-term care insurance? The younger you are, the lower the premiums in many cases.

Long-term care insurance policies cover the cost of assisted living, nursing homes, home health care and other services related to long-term health care.

If a person dies and does not use their long-term care insurance, the premiums are not refundable.

Inflation protection on a long-term care insurance policy makes sure that your policy keeps up with the rising costs of home care, assisted living and nursing homes.

Everyone, regardless of age, should consider long-term care insurance to pay for the cost of home care, assisted living or nursing homes.

The age limit for buying long-term care insurance is usually 84 years old.

Checking your parent's insurance coverage will not be your most exciting caregiver assignment, but it may prove to be one of the most important.

Nobody ever wants to go into a skilled-nursing facility (SNF), or nursing home. Few people ever truly want to send a parent to one. Yet for a variety of reasons sometimes there is no alternative. You are wise to consider your parents' options even if both of them are now healthy.

Having the foresight to make arrangements for your elderly parent's long-term care can save the rest of the family both emotional and financial distress. This expert advice should help with asset protection and financial planning for you an your elderly parents. Better yet, caregivers can use these strategies to ensure they are prepared for their future needs as well.