How To Avoid Long Term Care Insurance Premiums

By Author: Suzanne Campbell
Total Articles: 36
Comment this article

No one has to put up with high long term care insurance premiums because there are many ways to secure a long term care insurance (LTCI) policy at an affordable price. Just pay attention to what the experts have to say and you will receive the right coverage in no time.

LTCI professionals have been constantly reminding the uninsured public to look into their policy options while they are young and active at work, as this will eventually lead them to an effective and affordable coverage. If they wait to turn 65 before applying for a policy they are putting themselves at risk of paying a higher price since most if not all LTCI carriers put so much weight on the medical condition of applicants.

Most people who applied for a policy after their retirement have been subjected to higher premium rates as they have been found to require higher levels of care sometime in the future. You have bigger chances of securing an affordable coverage while you’re young and your health has not manifested any changes yet.

Aside from studying your LTCI policy options earlier on in life, the following are simple steps ...
... which you can take to get closer to an ideal coverage:

• See your doctor on a regular basis especially if you smoke and drink. Health care specialists say people with vices are twice as likely to require long term care (LTC) than those who maintain a healthy lifestyle. Still, do not discount your genes because if you are predisposed to a certain type of illness all the more cautious you have to be.

• Keep abreast of the cost of care in your area. You don’t necessarily have to keep a data of the annual cost of nursing homes, assisted living facilities and home health aides in your city. By simply making a conscious effort to check LTC news daily you will manage to keep yourself well-informed.

• Discuss the future with your family. LTC is a serious matter so don’t plan it on your own. Open up to your family and let them know what’s on your mind so that they can support you.

Long Term Care Insurance Premiums and How to Adjust Them

When it comes to negotiating for an affordable coverage, the best person to help you in this area is an LTCI specialist. You will find numerous companies these days that boast expertise in LTCI but only trust a company or individual who is affiliated with the top LTCI carriers in the country.

Also check the career background and tenure of a potential LTCI specialist because if you will entrust your future to a newbie you could wind up paying more than what your budget allows. Seasoned LTCI brokers can negotiate effortlessly for an affordable coverage on your behalf. Just be sure that you do not hold back any information from him otherwise this can result in a half-baked policy.

Talks on long term care insurance premiums should not be taken too seriously and these should not discourage you either. You will never know how much your personal LTCI coverage will cost if you don’t apply so step up for your sake and your family’s future.

Get loads of information about long term care such as long term care insurance costs. We also offer free long term care quote when you visit our website now.