The Staggering Costs of Long Term Care Insurance

 

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.

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Quick Guide to Long Term Care Costs by State

The cost of long term care (LTC) is one of the main concerns of interested policy buyers.  But most of them do not know where to find them.  Consumers, specially those who lack time, do their searches online.

While search engines can turn in relevant results, to make it easier for users, there are LTC insurance company websites that provide quick links to LTC costs by state.  I have personally tried visiting the long term care costs by state page of a company called Complete Long Term Care.  I was researching to help a friend find a nursing home for her dad.  They were from Texas but they were also considering nearby states specially those that offer cheaper monthly rates.

Searching nursing homes one by one in different states was time consuming.  Good thing i got into the page wherein they already have the links to the LTC info in all 50 states.  You can find there monthly rates for assisted living facilities, private and semi-private rooms in nursing homes, and daily rates for home health aides.

The site also gives free long term care insurance quotes as well as useful LTC resources.  It’s worth visiting and you can quickly find what you’re looking for.  You can also visit other sites to gather additional info and compare quotes.