Since, in a health insurance plan, the insurance provider does not pay for the entirety of your yearly medical costs, you have to pay a certain portion of these costs from your pocket. The deductible is one of these out-of-pocket payments. Before your insurance kicks in, you must first ...
Navigate the complexities of long-term care with LTC News. From insightful articles on insurance and aging to state-specific directories for care costs and providers, find the resources you need for informed planning and decision-making.
AlthoughMedicareandMedicaidmight cover some costs, these programs are not without restrictions and limitations. Based on your personal experiences and family history forming a long term care plan — whether it be through private long term care insurance (LTCI), LTCI provided by an employer, or by...
Home Care & Recovery Plan Costs Insurance vs. Self-Funding Instead of insurance, could you set aside funds to pay for care on your own? This tool will help you calculate different returns and what you would need match the leverage of insurance. ...
Co-Insurance Learn More This is the concept of sharing the cost of future long-term care services and supports with an insurance company. It refers to the amount of money that the insured must pay out-of-pocket to make-up the difference between their actual costs and the amount the polic...
Compass LTC is focused on helping businesses, individuals and families understand the issues surrounding senior insurance solutions and provide strategies to minimize the consequences. Being prepared for unexpected accidents and illnesses, along with the
LTC Insurance Could Be Solution for Health-Care Costs
Regardless of the extent of care and where the care is administered, the costs most likely will be higher than expected. Long term care insurance can help ease this worry. So the issue of long term care planning is about preparation – are you ready? Contact Me or Request a Quote ...
Historical and projected inflation is higher than insurance options. For example, the Centers for Medicare & Medicaid Services projects 5.8% care cost inflation through 2012. This will double the care costs in 13 years. Using the 5% simple inflation option, LTC benefits will double in 20 years....
Long-term care insurance coverage provides for the care of people over age 65 or with a chronic or disabling condition who need constant care.