Navigating Long Term Health Insurance
Navigating long term health insurance can be tricky with the increasing need for it. Many people worry about medical costs and the expenses that accrue with assisted living.
So how do people pay for long term care?
There are three options: Personal Funds, Government Programs, Long Term Health Insurance. This article will focus on Government Programs that can assist and Long Term Health Insurance.
Listed below are the options available. It may take time to research and see which one that you can qualify for but it’s a great place to start.
The cost of long term health Insurance is calculated based on a person’s age and gender, health and family history, lifestyle habits, location, and the policy type including how much a policy will pay per day, how many days or years a plan will pay out.
People with certain conditions may be denied long term health insurance it is possible that another company will accept you. Some conditions that might be denied for long term health insurance are if you are currently using or are in need of long-term care services, have AIDS, have Alzheimer’s disease, dementia, a cognitive dysfunction, a neurological condition, have a history of stroke(s), and metastatic cancer.
If you bought your long-term care insurance before you developed one of the health conditions listed above, then your policy will cover the care you need for that condition.
Some things to think about when shopping for Long-Term Health Insurance:
From AALTCI.org they state “Your long-term care plan should be tailored to your particular situation and only a knowledgeable professional can best help you do that.”
For a free quote for a tailored plan from AALTCI.org click here.
Or to talk to one of our representatives via email or call us at 1(800) 209-8009.