My 60-year-old mother is thinking about purchasing long-term care insurance. But I think she’s too young to worry about this. Am I right? Not necessarily. Age isn’t the only factor to consider when you’re thinking about buying a long-term care (LTC) policy: Though they do cover the kind of care you get in a nursing [...]

The purpose of long term care is to assist persons with chronic conditions or limitations that restrict them from living independently. Long term care differs from traditional medical care in that it frequently is provided for the purpose of maintaining a standard of independent living, not improving or correcting a medical condition. Long term care [...]

Understand what services your long term care policy covers, how they are covered, and what the policy does not cover. Because policies cover different things different ways, it is necessary to review the difference between policies relative to the services you will need. Here is a short list of the things that may be covered: [...]

Policies from private insurance companies may be offered directly – through the mail, for instance – or through an agent. It also may be possible to purchase a policy as part of a group from an employer or through membership in an association. You may also be able to purchase long term care insurance as [...]

Long term care insurance can be expensive. Annual premiums for long term care insurance can be as much as $2000 per year or more. The premium will vary based on a number of factors and will be lower if you are younger, and higher if you are older. Buying a policy when you are 75 [...]