Return to Article: Long-Term Planning

By Tammy Flanagan National Institute of Transition Planning July 25, 2008
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    There are so many ways to save on your Long-Term Care insurance premiums and dealing with the top carriers is of utmost importance. There are substantial discounts for excellent health as well as martial or partner discounts. Seek the counsel of a Long-Term Care Specialist. To get the information necessary to make an informed decision, ou will put in many hours of research and still not have the whole picture. (LongTermCareInsurancePros.com) are experts and will guide you according to your needs and wishes. It is important to obtain this type of insurance when you are younger and in great health. If you love your family, you will at least get the information.

    Dane Petchul Posted July 28, 2008 8:41 PM
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    Question: How will our current policies be transferred every time the current contract is up, will we always have the chosen benefits if another company gets the contract every bidding cycle. What are our quarantees on thi?

    Robert Breitag Posted July 28, 2008 2:20 PM
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    All insurance is a risk. Life insurance which I do have to me is a waste of money because none of my heirs need the money.

    On the other hand, Long Term Care insurance will allow me to stay at home longer or help pay for a decent Assistive Care or Nursing Home or even better it will pay for at home care.

    Linda Robinett Posted July 28, 2008 11:02 AM
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    What a rip off! You can pay into long-term care for years and never receive a penny of benefits if you drop dead. This isn't like life insurance where everybody is going to die someday. It should be like health insurance where you pay a premium and choose your health care providers. On the ltcfeds website it says you have to submit a claim, then they decide if they're going to pay it, then you're assigned a "care coordinator" who decides what kind and how much care you're going to get. And if you have any health problems when you sign up, you're only going to get five (or so) years of coverage. They get to hedge their bets while they're raking in the premiums for services they may never pay for.

    Pam Posted July 25, 2008 4:32 PM
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    My wife and I got long term care insurance after watching my grandma's assets be drained for facility care due to Alzheimer's. After looking around for awhile, we found Insure Your Future (disabilityinsuranceadvisor.com) online and called an agent who patiently took us through the options. We both got a policy that pays monthly benefits that increase annually with inflation and no elimination period. Now we won't have to mess with government benefits.

    John Posted July 25, 2008 9:37 AM
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    what are the chances of another open season for enrollment in the long-term care insurance program?

    Sylvia Shaw Posted July 25, 2008 7:20 AM

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