An increasing number of employers are offering employees the opportunity to purchase long term care insurance at work. Buying a policy that protects you and your spouse from the catastrophic costs of a chronic illness can be less expensive than purchasing the same coverage elsewhere.
A William M. Mercer survey of large and midsize companies offering long-term care found 70% praise it and rate it positively. American Express says their long-term care program was easy to establish, cost very little in administrative expenses and created "an enormous amount of goodwill." Most long term care insurance programs offered at the workplace are voluntary with employees paying the full cost of their plan.
If you can afford the premiums and you are insurable, the best solution to the prospect of significant long-term care costs is long-term care insurance. Most long-term care insurance policies today pay for home care and assisted living as well as for nursing home care. The problem is choosing a good policy.
To learn all about long term care insurance, how it works, why you need it, and how much it costs, you can view the excellent on-line, interactive tutorial “Consumers Guide to Long Term Care Insurance. Simply go to http://www.elderlifeplanning.com/ and click on the tutorial that you’ll find on the home page.
You can also receive a “Consumers Guide to Long Term Care Insurance in printed form by mail by calling 1-800-375-0595. Leave your mailing address, your date of birth and just a brief bit of information about your current health such as medications you are taking and whether you have been hospitalized in the last five years. (If so for what condition.) LTC Insurance specialists will then be able to prepare a comparison quote of at least 3 companies of policies available in your state, for various levels and types of coverage.
The service is free from http://www.elderlifeplanning.com/ |
