8 Mistakes to Avoid When Shopping for Long-Term Care Insurance

People buying long-term care insurance are focused on just one issue and that’s whether it’s worth the price. According to a study by the U.S Department of Health and Human Services, approximately 70% of individuals 65 and above will require long-term care supports and services during their lifetime. Obviously, there’s a need for this policy…. read more

Those who think that they can rely on Medicaid to pay for their long term care needs should think twice before putting all their faith in this government program. Why? Americans often misunderstood the long term care benefits of Medicaid. It doesn’t work the same as long term care insurance, a policy that helps pay… read more

What’s the first thing that comes to mind when you think of long term care insurance? Expensive? Nursing home? A policy you won’t need? People have their own interpretations of a long term care policy. Having these misconceptions around, most consumers come up with negative thoughts about this policy and can prevent them from knowing… read more

Yes, you can get long term care insurance even if you have a pre-existing condition. You don’t need to be 100% healthy to get coverage for long term care. Although you can get favorable rates if you don’t have any condition, it’s still possible to get affordable premiums if you’re taking medications or having treatment… read more

Long term care insurance tax deductions are incentives given by the federal government to individuals with qualified policies, which are widely sold today. This is the government’s way of encouraging people to secure their future by purchasing a policy that pays for their long term care needs – long term care insurance policy. Also, a… read more

The long term care insurance industry paid a total of $10.3 billion in claims for 2018 according to AALTCI. By far, this is the largest amount of claims paid by long term care insurance companies. From 9.2 billion of claims paid to 295,000 policyholders it rose by 2.7 %, to $10.3 billion and 303,000 policyholders…. read more

As we start a New Year, it’s the perfect time to think about your financial safety, particularly about owning long term care insurance. 2019 is still young, which gives you an opportunity to address your future long term care needs. According to Association for Long Term Care Planning, around 7 out of 10 of Americans… read more

Contrary to the popular belief, Medicare doesn’t pay for long term care, such as nursing home, home healthcare and other forms of long term care. In case you’ll need long term care in the future, you might end up outliving your retirement savings. Long term care insurance is designed to help individuals pay for long… read more

Long term care insurance is a wise investment for most Americans today given the scenario that they are getting older – 70% of Americans 65 and up will need long term care and will most likely require expensive long term care. You don’t have to worry about paying for care out-of-the-pocket or becoming a financial… read more

Still looking for the perfect gift for your elderly parents this holiday season? We, at Association for Long Term Care Planning, will help you explore long term care options that can help your parents age the way they want in the future. Fill out our short form to get your free long term care insurance… read more