5 Common Questions About Long Term Care Insurance
As the debate over universal health care heats up, LTCI continues to receive far more attention then it used to. Some argue it needs to be further regulated, while others believe their just needs to be more transparency into how policies work.
Last week there was a new piece on long term care insurance in the NY Times, one that takes a stab at answering 5 pretty common questions regarding long term care insurance. These questions included:
- What should I look for in a policy?
- I’m only in my 50s. I don’t need to worry about this insurance yet, right?
- Why should I buy this insurance?
- Don’t Medicare and Medicaid cover long-term care?
- This insurance is expensive. What can I do to get more for my money?
These are all very good issues to address, ones that we get often. Although some of the answers provided in the column lack details, they provide some basic answers for those looking into LTC insurance. We’ve covered many of these topics in past posts, including (click on any of the links to go to that post):
- the medicare medicaid services issue (that is, neither of these services cover long term care under most circumstances.)
- At What Age Should I Purchase Long Term Care Insurance & CLICK HERE
- Reducing Long Term Care Insurance Premiums
Please feel free to contact us anytime you have questions regarding LTCI. You can also read the rest of the NY Times column HERE
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