Shopping for Long Term Care Insurance Made Easy

We speak with consumers every day, most of them interested in buying a Long Term Care Insurance policy. What we find is that many of them are overwhelmed or confused by their various options and therefore less willing to make a decision. That’s why we put so much time and effort into helping educate consumers about the different options and why it’s so important to plan ahead.

Shopping for Long Term Care Insurance is one thing that seems to be intimidating to people. Not only do they have to think about themselves as old and fragile, but it also involves some financial decisions that require some consideration. This often ends up in people shying away from planning for long term care, often until it is too late.

Navigating the Buying Process

Shopping for Long Term Care Insurance doesn’t have to be hard; in fact, it shouldn’t be hard. After beginning the buying process, many people often end up kicking the can down the road. We want to provide information that helps consumers stop procrastinating and instead start taking action and preparing for their future. If you are looking into a Long Term Care Insurance policy, consider these ways to make shopping easier.

1)    Work with an independent agent – The importance of this cannot be emphasized enough. Some agents are what are called “captive” agents, meaning they are paid by companies to promote specific products. Even if one company’s policy fit your needs better, that agent might push you to buy another one because that would mean commission for them. It’s vital to work with an independent agent who can provide you with information from multiple companies and isn’t biased towards one or another.

2)    Compare multiple companies – This goes along with #1, but is so important it deserves another mention. Premium rates can vary as much as and sometimes more than 50% between carriers, so never go with the first policy option you see. Make sure you look at several different companies before you make a decision to buy, and make sure they are top rated blue chip companies.

3)    Start early – Don’t wait until you are in your 60s to start looking at policies. By then, it may be too late to qualify. Even if you can qualify, your premium rates will be much higher than if you’d applied at a younger age, say 50 or 55. Age has a big impact on the cost of a policy, so don’t overlook the importance of applying when you are young. Buying younger can also help you achieve the preferred health discount. Qualification criteria varies from company to company for the health discount, so again, look at several companies to see if you qualify for any before choosing a product.

Plan for the Future

For some reason, Americans are planning for retirement but leaving out the huge issue of long term care in their plans. Doing so can put your nest egg in jeopardy and put you at risk of turning to a family or friend to provide care later down the road. Long Term Care Insurance can help protect your assets and provide you with peace of mind during retirement, so don’t let the process of looking into policies scare you away.

Shopping for Long Term Care Insurance, if done with the right people, can be simple and easy to understand. Work with an agent who has experience in the industry to ensure you are getting the most accurate information.

We provide unbiased information on the top Long Term Care Insurance companies including their financial rating, rate increase history, and policy details. If you would like a free quote comparison, fill out this form and we will be in touch with you shortly.

Recent Texas Study Analyzes Falls in the Elderly

Year after year, falls remain the top cause of injury and death in the elderly and a leading cause for long term care. Scientists at the University of Texas at Austin set out to understand the exact science behind a fall in an attempt to further research that can identify ways to prevent such an occurrence from happening.

Study Procedures

The study, mentioned in a recent article in the Wall Street Journal, involved tracking healthy people as they walked and ran on a treadmill in order to understand the variability in their steps. What they found was a significant but subtle difference in body movement.

Reflective markers were placed on different parts of test subjects’ bodies to measure various physical changes. Infra-red reflections of the markers were captured by cameras and digitally re-created to mirror the activity occurring and measure the body movements precisely. When participants’ results compared, researchers found that older people were more at risk of slight variations in their step that have the potential to lead to a fall.

Dr. Jonathan Dingwell, a university professor of kinesiology and health education, supervised  the study, which was conducted by graduate school student Kelly Frank as part of her Master of Science in Kinesiology. He intends to coordinate a related study that will track the relationship between step variation and the risk of falling. In the study, he plans to deliberately trip the elderly while they are walking on a split-belt treadmill in a full-body harness that will prevent a real fall or any injury.

Important Questions

The concepts being explored by these researchers hold real significance in the future of long term care. As more and more people begin to “age-in-place”, it becomes crucial that we do our best to identify and rectify any injury risks that pose a threat to elderly adults. Falling is one of the most important.

According to the CDC, 1 in 3 older adults suffer a fall every year. That huge risk looms over all aged adults, especially those living alone. Many people who experience a fall subsequently develop a fear of falling in the future, whether they were injured or not. Identifying risks and providing assistance can help alleviate these fears and allow people to live at home longer and more comfortably.

Preparing for the risk of a fall is important, as it can have serious physical, emotional, and financial effects. If you still need care after you leave the hospital, that care is considered long term care, and it tends to be quite expensive. Just 1 month of long term care can run you anywhere from $1,000 to $8,000 a month, depending on your location whether you receive care at home or in a facility.

Protect Yourself from the Risk

Many older adults take steps to help reduce the risk of a fall, like installing different home modifications to help ease the stress of living at home. Long term care insurance provides a way for people to protect their assets and their health from the high cost of long term care.

Policies are very affordable, especially when compared to the actual cost of care, and they provide you with the peace of mind that you need as you age. Should you ever suffer a fall, or any other debilitating injury or illness, long term care insurance will help you cover the expensive cost of care and protect your assets from financial depletion.

Government studies estimate 7 in 10 Americans over the age of 65 will need long term care at some point, so considering the risk, especially the risk it poses to your retirement savings, is a step that should not be overlooked. Read more about the risk of long term care or request free information today.

Early Signs of Alzheimer’s Go Unreported in Texas

The Center for Disease Control recently published results of a survey they conducted across 21 states in the United States. The goal was to determine the span of memory loss and cognitive decline across the senior population, those aged 60 years old and up. The findings, especially for Texans, were bleak.

Increased Memory Loss

According to the survey, 13% of all Texas respondents reported memory issues. 40% of those with memory issues also reported that it interfered with their daily lives. Alzheimer’s and other forms of dementia can often impair someone’s ability to perform tasks that were once second nature, like dressing, bathing, or eating.

Alzheimer’s and dementia can be difficult to identify at first, because it usually progresses slowly, and presents itself as mere confusion or forgetfulness. However, with Alzheimer’s cases expected to increase by one-third in the next 12 days, it is important to know the indicators because early detection can often help people ward off the disease for much longer.

Despite this, nearly 80% of the Texans who experienced memory problems and cognitive decline had not discussed their symptoms with a doctor.

Early Stage Alzheimer’s 

Researchers have found an increasingly present connection between Depression and Alzheimer’s, which lends the need for greater attention paid to one’s own mental state. Those who have felt more forgetful than usual or recognize their confusion as a possible indicator of Alzheimer’s should speak to their doctor immediately.

Unfortunately, once you have been diagnosed with Alzheimer’s, it is too late to buy a Long Term Care Insurance policy to help you cover the cost of your health services. That is why it is crucial to research Long Term Care Insurance when you are young and healthy. An LTCI policy will help safeguard your assets from depletion and cover the cost of the quality care services you deserve. Long term care is affecting more Americans every day, and it is time to start planning for the