Long Term Care Insurance: How to Choose the Best Elimination Period
In a long-term care insurance (LTCI) policy, the elimination period is often referred to as the policy deductible. In many ways it is similar to the deductible used in major medical insurance policies. One major difference is this: rather than a certain dollar amount that you will initially pay for your own care expenses, [...]
LTCI Basics: 4 Reasons Why You Need It
Long-term care insurance (LTCI) policies are very different from most other kinds of insurance. As a result, even the foundational features of these policies require taking some time to understand before making your final decision. But what about all the other options and features that are not built into the policy and require you to [...]
LTCI Basics 101: What you Qualify for
If one of the reasons for you not getting a LTCI policy is affordability, consider the tax benefits that go along with LTCI. It would be wonderful to be able to say that Congress has allowed all LTCI policyholders to deduct the full premium on their taxes. Unfortunately, our lawmakers have not yet enacted such [...]
Choosing the Long-term Care Insurance Company That’s Right for You
Becoming familiar with the foundational features and options of a good long-term care insurance (LTCI) policy requires taking enough time to educate yourself before making your final decision. This will help ensure that you get the policy that will best fit your particular needs. The very next step would be to find the right insurance [...]
LTCI Basics: Identifying a Partnership Qualified LTCI Policy
In my previous articles, I have talked about long-term care insurance partnership program that almost two thirds of the states is in the process of getting approved and put into place. This program is designed to encourage the purchase of LTCI by consumers so that the state can reduce its liability for paying for long [...]