Welcome!

News Feed Item

Long Term Care Insurance Savings Guide Published

Best Ideas for Reducing Costs and Securing Better Long Term Care Coverage Published Online by the American Association for Long Term Care Insurance

LOS ANGELES, CA -- (Marketwired) -- 05/22/14 -- Real life examples of ways people reduced costs when purchasing long term care insurance protection or secured significantly better benefits have been published.

"There are significant differences between long term care insurance policies, pricing, acceptable health conditions and benefits that few consumers are aware of," explains Jesse Slome, director of the American Association for Long Term Care Insurance (AALTCI), a national trade group. "For example, one insurer charges smokers 45 percent more than non smokers while another charges only 10 percent more. Many associations and membership groups promote special discounts but often you can get better coverage or even pay less if you shop around."

The Association's new online guide is designed to provide valuable information to individuals considering long term care insurance protection. "Every year some 250,000 people shop for long term care insurance protection for the first time," Slome notes. "Unlike car insurance or even most life insurance policies which are pretty easy to compare, long term care insurance policies can be quite distinctive. Your first decision is finding an expert who understands the differences and works on your behalf to recommend the best coverage for the least cost from a high-quality company."

"Much of the information about long term care insurance online is out-of-date and sometimes even erroneous," Slome adds. "To educate consumers and create heightened awareness we share current examples of real-life situations."

One example in the new guide tells how a Texas couple's financial planner was not familiar with the State-approved Long Term Care Partnership plan or the 'shared care' benefit that is especially valuable for married couples. Their financial planner recommended coverage costing $2,510-per year but the specialist showed how this couple could get coverage from the same insurer and pay $1,674-yearly, a 33 percent savings, the guide cites.

Existing health conditions account for up to 40 percent of policy applicants being declined for coverage according to AALTCI. "Insurers will check your medical records so don't expect to sneak by," Slome says. "But health conditions that are not acceptable to one insurer may be completely acceptable to another."

The Association guide shares how one man's heart condition did not prove a barrier. "In this case, the long term care insurance specialist had a direct channel to the insurance company decision maker who agreed to review the medical records," Slome adds. "Insurers get hundreds of applications daily and being able to get the special attention made all the difference."

How To Select A Long Term Care Insurance Specialist

The Association suggests three questions when seeking to identify long term care insurance expertise. How long has the individual been selling long term care insurance? "A minimum of three years is suggested, though five or more is going to be better," Slome notes. How many policies have they sold? "A long term care insurance specialist will have helped at least 100 individuals get coverage, though many will have helped 500 plus," he adds.

Most important, according to Slome, is determining if the financial advisor or insurance agent is appointed with multiple insurance companies. "Appointed is insurance jargon which means they can actually sell that company's policy," Slome explains. "Agents are only going to recommend and tell you about policies they can ultimately sell."

For no-cost advice or to compare long term care insurance costs and policies connect with a designated specialist by calling the American Association for Long Term Care Insurance at (818) 597-3227 or visit the organization's website.

To read the Association's Guide To Reducing Long Term Care Insurance Costs visit www.aaltci.org/ideas.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2595277

Jesse Slome
American Association for Long-Term Care Insurance
Email Contact
Phone: 818-597-3227

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
You are moving to the Cloud. The question is not if, it’s when. Now that your competitors are in the cloud and lapping you, your “when” better hurry up and get here. But saying and doing are two different things. In his session at @DevOpsSummit at 18th Cloud Expo, Robert Reeves, CTO of Datical, explained how DevOps can be your onramp to the cloud. By adopting simple, platform independent DevOps strategies, you can accelerate your move to the cloud. Spoiler Alert: He also makes sure you don’t...
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, shared the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.