Comments on: Long Term Care Insurance http://www.tbilaw.com/blog/2009/03/long-term-care-insurance.html Attorney Gordon Johnson Wed, 28 Jul 2010 18:53:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Scott A Olson http://www.tbilaw.com/blog/2009/03/long-term-care-insurance.html/comment-page-1#comment-12 Scott A Olson Wed, 01 Apr 2009 19:35:20 +0000 http://www.tbilaw.com/blog/2009/03/long-term-care-insurance.html#comment-12 It has been mistakenly called "nursing home insurance". Less than 37% of claims on long term care policies are for nursing homes. More than 63% of claims are for home healthcare and community care.<br /><br /><br />The funny thing about long term care insurance is that the price of a policy can vary a lot from one insurance company to the next. Each long term care policy has a different way of charging premium based upon health history, marital status, choice of benefits, and even state of residence. When comparing nearly identical benefits from 10 of the top policies, the premiums will often vary by 75% or more, from the lowest to the highest. It pays to shop.<br /><br /><br />What most people don't realize is that group long term care insurance policies are usually more expensive and have less benefits (particularly less benefits for home healthcare) than individual policies. It pays to shop and compare all types of insurance, but especially long term care insurance.<br /><br />Scott A. Olson<br /><a href="http://www.LTCInsuranceShopper.com" rel="nofollow">www.LTCInsuranceShopper.com</a> It has been mistakenly called “nursing home insurance”. Less than 37% of claims on long term care policies are for nursing homes. More than 63% of claims are for home healthcare and community care.

The funny thing about long term care insurance is that the price of a policy can vary a lot from one insurance company to the next. Each long term care policy has a different way of charging premium based upon health history, marital status, choice of benefits, and even state of residence. When comparing nearly identical benefits from 10 of the top policies, the premiums will often vary by 75% or more, from the lowest to the highest. It pays to shop.

What most people don’t realize is that group long term care insurance policies are usually more expensive and have less benefits (particularly less benefits for home healthcare) than individual policies. It pays to shop and compare all types of insurance, but especially long term care insurance.

Scott A. Olson
http://www.LTCInsuranceShopper.com

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