How much (and when) can long-term care insurance premiums be increased? It depends upon the type of the policy you buy. There are two types of long-term care policies that can never have a rate increase: Single-pay long-term care policies and Limited pay long-term...
There are two main types of long-term care insurance policies: “Cash Policies” and “Reimbursement Policies” A “Cash” long-term care insurance policy is a policy that pays the full Monthly Benefit for each month that you qualify for...
Conventional wisdom says that group insurance policies cost less than a policy you purchase on your own. That may be true for certain types of insurance, but it is not always true for long-term care insurance. You can probably get better benefits for less premium if...
Long-term care insurance helps pay for assistance you need with “personal care”. “Personal care” may include help with bathing, dressing, eating, and toileting. Personal care is not covered by medical insurance. Personal care is not covered...