Just when people start to realize the need for a long term care insurance, they might be doubtful and hesitant again when they learn about its costs. Yearly, the price of LTC policies continue to rise. Premiums have seen a 6 to 17% increase as compared in 2011 and are shocking policyholders and interested buyers.
This is one of the reason why people are thinking twice about LTC. Some ask for long term care insurance quotes, and just by seeing the numbers, they can already decide that the cost is too much, and probably they really do not need LTC insurance. (Do You Really Need Long Term Care?)
However, there are various ways to save on premiums such as health discounts, spousal discounts, group discounts, tax deductions, and annual premium payments. If buyers will be informed about this, it may help them in coming up with better decisions. Here’s a more detailed discussion on how to save on long term care premiums.