Long Term Care - An
Important Concern
An
increasing number of employers are offering
employees the opportunity to purchase long term
care insurance at work. Buying a policy that
protects you and your spouse from the catastrophic
costs of a chronic illness can be less expensive
than purchasing the same coverage elsewhere.
A
William M. Mercer survey of large and midsize
companies offering long-term care found 70% praise
it and rate it positively. American Express says their long-term care program was easy
to establish, cost very little in administrative
expenses and created "an enormous amount of
goodwill." Most long term care insurance
programs offered at the workplace are voluntary
with employees paying the full cost of their plan.
If
you can afford the premiums and you are insurable,
the best solution to the prospect of significant
long-term care costs is long-term care insurance.
Most long-term care insurance policies today pay
for home care and assisted living as well as for
nursing home care. The problem is choosing a good
policy.
To
learn all about long term care insurance, how it
works, why you need it, and how much it costs, you
can view the excellent on-line, interactive
tutorial “Consumers Guide to Long Term Care
Insurance. Simply go to www.elderlifeplanning.com
and click on the tutorial that you’ll find on
the home page.
You
can also receive a “Consumers Guide to Long Term
Care Insurance in printed form by mail by calling
1-800-375-0595.
Leave your mailing address, your date of
birth and just a brief bit of information about
your current health such as medications you are
taking and whether you have been hospitalized in
the last five years. (If so for what condition.)
LTC Insurance specialists will then be able to
prepare a comparison quote of at least 3 companies
of policies available in your state, for various
levels and types of coverage.
Elderlifeplanning.com is
one of the most established and reliable sources of support for
family caregivers. Launched in 1996, our goal is to become the most
user-friendly resource for information about caring for aging
parents and finding the most appropriate resources such as: home
health care, assisted living, community day programs, and nursing
homes. For more information, contact
bob@elderlifeplanning.com.
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