Thursday, April 22, 2010

Long Term Care Insurance Only Undergoes New Website Redesign

FOR IMMEDIATE RELEASE:

Long Term Care Insurance Only Undergoes New Website Redesign

With a new website redesign and layout, long Term Care Insurance Only plans to expand their services to those who have access to a computer. The website will be user friendly and constantly updated with insurance related news topics.



Los Angeles, California – April 21, 2010 – Long Term Care Insurance Only, (http://www.LongTermCareInsuranceOnly.com), a United States based term care insurance informational website has undergone major renovations and changes to the website. The new website will have an updated, user friendly interface that is easy to navigate through and contains up-to-date news and articles regarding term health care.



The newly redesigned website will feature a news section that is made to help customers better understand what LTC insurance is and what it is used for. This will help those who are confused about the benefits and whether or not they need long term care insurance for themselves and their family. There is even a free quote section for those who want to get more information about LTC insurance.



Within the new site will be a section completely dedicated to articles related to long term health care and LTC insurance. These articles will help those make better decisions and fully understand what long term health care is all about. This is a largely untapped market and getting a strong foothold can ensure the company’s success in the future. There will be new articles posted often, showcasing important studies, industry updates, and other useful information.



Owner of long term care insurance only, which is a subsidiary website to LTC Solutions, George Mellendorf says, “The new website looks stunning, both visually and functionally. It is so easy to use and navigate through. I am extremely pleased with the changes and updates to the site and look forward to sharing it with the world!” The site is nearing its official release date and everyone is excited to see the new site go live.



Along with all the changes made to the website will include a brand new blog. Topics include long term health care tips, tricks, advice, and much more. The blog will be consistently updated with new information on a weekly basis to help consumers make informed decisions about their term life care insurance.



###



Long Term Care Insurance Only/LTC Solutions offers exceptional customer care and service with all their clients. Their main goal is to provide qualify long term care insurance that meets or exceeds the customers expectations at the time of utilization. LTC Insurance Only is proud to offer free quotes and consultations with a licensed long term care insurance specialist at their website http://www.LongTermCareInsuranceOnly.com. The agents at Long Term Care Insurance Only continues to take outstanding care of each individual potential customer, personally reviewing every personals personal needs, and coming up with a package that best suits their needs. They are proud and look forward to servicing long term health care needs.



Contact Info:

George Mellendorf, President of LTC Solutions

Long Term Care Insurance Only

3501 Del Prado Blvd.

Unit 202

Cape Coral, FL 33094 (United States)

Phone: 239-540-1663

Email: george@ltcsolutions.net

Web: www.LongTermCareInsurance.com

###

Tuesday, April 20, 2010

Long Term Care Insurance - 10 Informative Facts about LTC Insurance LTI

1. Long term care insurance is a form of insurance only found within the United States and the United Kingdom. This has been rapidly growing in the past years throughout the United States. The downside is that coverage costs can become very expensive, mainly when customers wait till the last minute to purchase long term care insurance.

2. Taking advantage of long term care insurance can supplement the cost of living if you live longer than planned or expected. You will always be protected during your elderly years and can ensure that items not covered by Medicare or Medicaid are covered through long term care insurance. Rather than relying on family and friends for support, long term care insurance can cover these costs and more. Not taking advantage can be devastating to your loved one’s pocket books.

3. Your premiums paid on your long term care insurance are often times tax deductible at the end of the year, offering extra incentive to take advantage of LTC. Benefits incurred are excluded from income, offering more tax savings. The deduction is based upon many factors including your age.

4. A client’s age does not play a factor when dealing with long term care insurance. A vast majority of long term care insurance policy holders are between the ages of 18 and 64. More than half of all seniors ages 65 and older will need some sort of long term care insurance during their lifetime.

5. With long term care insurance, you are covered in many areas. These include, but are not limited to adult day care, respite care, nursing home facility costs, Alzheimer’s facilities, hospice care, home care, and assisted care.

6. To determine a person’s long term care insurance rates, there are six major factors to take into account. These will tell you how much you will have to pay to receive the benefits offered by LTC. First, they look at the persons age, the daily benefit requested, the time frame of the benefits, the elimination period, any inflation coverage, and lastly thr persons health rating. A persons health rating can either be preferred, standard, or sub-standard.

7. When getting your LTC insurance policy, often times there will be an elimination or waiting period. This is almost the same thing as a deductible because you pay for the care received before the benefits from long term care insurance are applied to the injuries sustained. If you have a larger deductible, then you will have a lower premium, and vice versa. You must make some sacrifices when selecting an insurance plan for yourself or your family.

8. When it comes to group policies and long term care insurance, it can become a bit tricky. Group policies may include provisions that restrict the open enrollment time frame and may require underwriting. These plans may or may not be guaranteed renewable or tax qualifies. When it comes to the fine print, make sure you read it closely, as some LTC plans have provisions that allow your policy to be changed and switched to another form of a policy at that time. Plans are eligible to be canceled at anytime per the insurance company’s request.

9. Most policies are opened by those Americans that are 60 or older and most are above 80. This is because they realize it is time to purchase some sort of insurance so they do not become a burden on their family when it is there time to pass.

10. Over 8 million Americans are covered or have some sort of long term care insurance. That goes to show that this is a popular form of insurance and has many benefits to the policy holder. When employed by a company you will often have the option to opt into LTC insurance plans. These premiums can be paid annually, semi-annually, quarterly, or monthly.

Friday, April 9, 2010

About Long Term Care Insurance & Long Term Care

Long term care is provided to people who need help with activities of daily living (ADL's) such as bathing, continence, dressing, transferring, toileting or eating or LTC Insurance is provided to people who need substantial supervision due to a cognitive impairment.

Many people believe that the need for Long Term Care Insurance could not happen to them however it is estimated that more than 13 million people in the US need Long Term Care(1.) and of that close to 40% of people needing Long Term Care are working aged adults(2.). With these statistics you can see why it is important to buy Long Term Care Insurance at a young age prior to retirement. According to the AARP it is best to purchase a Long Term Care Insurance policy when you are middle aged, this is when you are more than likely to be eligible for Long Term Insurance and when the premiums are going to be lower.

Tuesday, April 6, 2010

How to Qualify for Long Term Care Insurance Benefits

Most Long Term Care Insurance policies sold today are considered Tax-Qualified, with a this type of policy you are eligible to receive your Long Term Care Insurance benefits when a licensed health care practitioner can verify that you are unable to perform 2 of the 6 activities of daily living (ADL's) for at least 90 days. These include eating, bathing, dressing, toileting, continence, or transferring. Or you suffer from a cognitive impairment such as Alzheimer's, Dementia, Stoke, etc. 

Most older policies required one to have a prior hospital stay for 3 days prior to being eligible for Long Term Insurance benefits. Which makes it harder to receive benefits. As you can see with new policies it would not be too difficult to be eligible for your benefits.

Monday, April 5, 2010

What Age to Buy Long-Term Care Insurance

According to Kiplinger's, Long-Term Care You Can Afford article, when it comes to buying long-term care insurance, 50 is the new 60. People are buying it at a younger age to take advantage of the lower premiums. It is part of protecting assets and the retirement planning process.