Long-Term Care Insurance California

Why consider long-term care insurance?

do you believe you are going to live a long life?
do you think if you live long you will need care?
do know the consequences to your finances and family?
do you know that without insurance you are self-insured?
do you know that it can cost over $72,000 per year for care?
do you have a plan to pay for an average of 3.5 years of care?
would you rather pay $72,000 or $3,000 a year for care?

Californians have three main options for LTC insurance:

1) Individual standard long-term care insurance
2) Individual Partnership long-term care insurance
3) Group long-term care insurance

1) Individual standard LTC insurance
This is the most common LTC policy.
There are a number of companies selling this policy.
The big companies rarely if ever raise policyholders rates.
The big companies health qualifications are stricter.
This policy is usually the best bet over the long haul unless Partnership is an option.
More about standard long-term care insurance
Get a quote for a standard LTC policy from top companies.

2) Individual Partnership LTC insurance.
Partnership is similar to a non-partnership policy with additional benefits to the consumer.
Lifetime asset protection from Medi-Cal is the main benefit.
Partnership policies cost the same as standard policies.
More about partnership long-term care insurance
Get a quote for a Partnership LTC policy from top companies.

3) Group LTC insurance
Group policies are available through employers, unions, etc.
Group policies have higher deductibles and lower benefits.
Group policies often have a history of multiple rate increases.
Group policies may not be cheaper than individual policies.
More about group long-term care insurance

Other options for Californians:

1) Self-insure: you pay for care yourself out of savings, retirement income & investments (average nursing home $72,000/yr
2) Medi-Cal state aid: Medicaid/welfare health care
3) Family care: family provides care at home

Summary

Your decision today on how you plan for long-term care may be the last decision you make about it. Our health changes without warning. If you are insurable today doesn't mean you will be insurable tomorrow.

Because LTC insurance is health underwritten (they look at your health history) it takes 1-3 months to become insurable. Better to get insured 1-3 months before your health changes.

Search For
Long Term Care Info.

links:
GuideToLongTermCare.com
LTCInsuranceQuote.com
LTCFinancialPlanners.com

Get a quote today

and if you can...
insure today,

because tomorrow
may be too late.

Get a Free Quote