LTC Insurance shoppers should pay attention to more details than just their monthly rate. Some companies have a maximum amount of days they will cover in a nursing home type facility.
Baltimore, MD (PRWEB) January 21, 2013
Cheap Long Term Care Insurance can be enticing to the budget conscious Insurance consumer. However, InsuranceFixIt, has recently issued warnings about cheap long term care insurance that consumers should be aware of while researching LTC insurance quotes online.
According to InsuranceFixIt, more than 25% of people receiving Long Term Care Insurance coverage are under the age of 65. Likewise, with costs rising to an average of $70,000 per year for nursing home care, middle-age consumers are now looking find the best coverage for the best insurance premium.
"LTC Insurance shoppers should pay attention to more details than just their monthly rate. Some companies have a maximum amount of days they will cover in a nursing home type facility. The problem with this is that when you are in a nursing home you hope that you will be covered for the amount of time that you need but some policies have a maximum." said Michele Postler, Senior Editor for InsuranceFixit.com. "They also may have a maximum life time payout which again could disrupt the care that you need.” Said Postler.
InsuranceFixIt.com has released a new section to their website that details many of the things that consumers should be aware of when shopping for LTC Insurance.
The InsuranceFixIt warnings on cheap Long Term Care Insurance include:
- Waiver of Premium and Return of Premium
- Elimination Periods and how this can impact Senior Care
- Tips on Medicaid and Duration of Stay
- And many more.
To find out more about InsuranceFixIt and the other helpful LTC insurance tips, please visit: http://insurancefixit.com/ltc/
InsuranceFixIt.com provides long term care insurance quotes for . InsuranceFixIt.com features a variety of articles and resources about Long Term Care Insurance and a wide variety of other Insurance resources. InsuranceFixit is a member of PRprofile. A site dedicated to helping businesses maximize their online publicity. For more information about InsuranceFixIt, please visit: http://InsuranceFixIt.com/