Long Term Care Insurance Rate - Ways To Pay Less Without Compromising Quality
It can cost a lot. But there are ways to bring down your rate without compromising the quality of coverage you get. Here are things that will help you...
Get your policy while you're still young. Young here doesn't mean when you're in your thirties unless your family has a history of health conditions that could make a person require long term care at an early age. In the absence of such, you're buying this policy at a young age if you get it between 50 and 60. Yes, don't let anyone stampede you into a fright-induced purchase (Again, unless you have a medical history that suggests otherwise).
Know what is available and what you prefer. Be very clear about the type of coverage you want to have. The clearer you are on this, the easier it will be for you to get lower rates.
Choose a longer waiting period if you think you have the financial muscle to take care of your long term care cost for that period. The longer the waiting period, the lower your rates. For those who don't know what a waiting period is, it's the number of days you'd have to take care of your long term care expense out of your own pocket before your insurer fulfills its obligation according to policy terms.
Finally, you can get lower long term care insurance rates by getting and comparing quotes from five or more quotes sites (The more insurers you get quotes from the better). But make sure you check the rating of your preferred insurer before you finally pay for the policy. Your state's department of insurance is a good place to check. Resources like Standard and Poor's and BBB are also useful for this kind of check.
Here is my favorite page for long term care insurance quotes...
Long Term Care Insurance Quotes
Publishers can get unique versions of my articles by following any of the links above. Click on "To Use My Articles" when you get to my site.
Chimezirim Odimba writes on insurance.
Source: http://ezinearticles.com/
Added: March 21, 2008
Government: No To Health Tourism - Sky News
Times Online Government: No To Health Tourism Sky News, UK - The Department of Health is defiant that it will not partake in the 'free for all' health care scheme and will instead prioritise in providing high quality ... 'No health tourism free-for-all' EU expands health care treatment Health Net Will Aid Area's Uninsured -