Menu

Tag: hybrid LTC plans

Why Purchase Long Term Care Insurance?

Long-term care insurance is a type of insurance that covers the costs associated with long-term care, which can be a financial burden for many people. It is designed to help individuals pay for services that are not covered by traditional health insurance or Medicare. Long-term care insurance is not for everyone, but there are certain …

How Long Term Care Insurance Helped My Family

Dealing with a loved one’s long-term illness is a challenging and emotional experience. It can be financially draining, and for many, it can put their financial stability in jeopardy. My mom had been battling a chronic illness for years, and her medical expenses were adding up. I knew I had to take action to protect …

Why Your Health is Important When Considering Long Term Care Insurance

As we age, it’s inevitable that our healthcare needs will increase. And with healthcare costs on the rise, it’s important to have a plan in place to cover these expenses. That’s where long-term care insurance comes in. But how does an individual’s health affect their ability to obtain and maintain long-term care insurance? First, let’s …

How Age Affects Long Term Care Insurance

Long-term care insurance is an important investment for anyone who is concerned about the costs associated with long-term care. Long-term care refers to the range of services that a person may need when they are unable to perform daily activities on their own due to age, illness, or disability. These services can include assistance with …

Why Long Term Care Insurance Is Important

Long-term care insurance is designed to cover the costs of long-term care, which can be expensive and often not covered by traditional health insurance. As people age, the likelihood of needing long-term care increases. This can be due to chronic illness, disability, or the natural process of aging. For those who do need long-term care, …

Hybrid Policies in Long Term Care

Policies

Last updated on January 27th, 2021 at 06:02 am With the ever-rising cost of Long Term Care, many insurance companies are raising their premiums on their policies. With well over 20% of seniors that are 65 and older, they will need at least two years of some type of long term care. These “hybrid” policies …