A primary first step in deciding your Long Term Care plan is determining the best carrier for your needs. Just as every individual will need unique care, every person must also make their own decisions when it comes to their healthcare.
Key features to evaluate in comparing Long Term Care insurance providers include:
Cost/purchase options, and is inflation protection offered?
Are different plans and rates offered to people of different ages?
Do rates remain the same if you purchase the plan by a certain age?
Is the insurance portable (if you are obtaining insurance through your employer)?
Will the insurer manage all elements of benefit installment and administration?
Is the company established? If not, does it seem to have staying power? A key element of their stability may be Credit Ratings or established industry reputation.
Does it use a reimbursement approach or an indemnity approach?
You will find information on a variety of providers at this site, many of whom will offer similar products but each of which has its own unique strength set. Be sure to compare several plans, weighing carefully the pros and cons of each. When thinking about your future and the future of your loved ones, you can never be too careful or too secure.
Long-Term-Care.org is not a long term care insurance broker or carrier, and we cannot issue insurance policies. This site provides free information on insurance providers and coverage options. We are not associated with the company or companies profiled on this page, and we make no representation, express or implied, that you will receive a quote from the specific company profiled herein. Products and policies may not be available in all states, and product and policy information is subject to change without notice. Please direct all insurance questions to your insurance company or broker.
