Take Advantage of Free Long Term Care Insurance Quotes
Aside from the rates of long term care (LTC) facilities, the cost of long term care insurance is going up, too. These days, only two things are free in the LTC industry and these are informal care and long term care insurance quotes.
Now you wouldn’t want to choose informal care and be tagged as a parasite, would you? Informal care is provided by family members, those people who love you and are willing to provide your LTC needs even if it means burying their own dreams and goals in life.
Choosing informal care over LTCI quotes is a clear sign that you are egocentric and you couldn’t care less how the lives of your relatives will turn out someday. Meanwhile, if you take advantage of the free LTCI quotes which insurance companies have been offering it’s not only you who will benefit but also the ones who are dear to you.
The benefits that one will receive from an LTCI policy are nothing like what he will receive from the health insurance which his employer paid for. The latter only provides limited coverage that is associated with medically necessary care. An individual’s health insurance policy will never intervene in a situation that calls for custodial care or personal care.
One of the benefits that you can reap from an LTCI policy is quality custodial and medical care minus asset depletion. Everyone who relied on his nest egg for his LTC needs ended up impoverished because the cost of care is never fixed. For example, last year the median annual rate of a private room in a nursing home was $77,745 but now it’s $80,030.
With an LTCI policy, you need not worry about your future health care expenses. In fact, you’ll have the freedom to receive care wherever you wish as this is allowable with a comprehensive policy. Wouldn’t it be nice to be able to acquire the care that you need without burdening your family?
When to Gather Long Term Care Insurance Quotes
No one will be spared from the soaring cost of LTC but responsible planners will manage to dodge its impact on their finances. If you’re in your 40s or 50s, now is the best time to study your LTCI policy options because if you wait till later, you’ll have narrow chances of receiving an affordable coverage.
Young buyers of LTCI policies can easily lock in the preferred health discount as opposed to older buyers that is why younger policyholders have noticeably lower annual premiums. On the other hand, senior folks who apply for coverage are either declined by insurance firms or subjected to a higher premium.
Bear in mind that although LTCI is a worthwhile investment, it has to be purchased before the need for care arises so take time to make inquiries or better yet, request your quotes today.
If you find LTCI too complicated or beyond your comprehension, consult a specialist before you request your long term care insurance quotes.
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