InsuranceAgents.com Publishes Guide to Long Term Care Insurance

    CHICAGO, IL, November 28, 2009 /24-7PressRelease/ -- Nearly three-quarters of seniors will need some kind of long term care--and this healthcare doesn't come cheap. In fact, long term care can easily cost upwards of $70,000 a year! Though long term care may be expensive, it doesn't have to be impossible to obtain, at least with the help of long term care insurance.

Long term care includes a wide range of health and support service (personal care, assistance with daily living activities, etc.), typically for the elderly or disabled. The cost of long term care will vary depending on the type and amount of care needed, the healthcare provider and even the area in which a person lives.

However, long term care insurance will cover all of these costs. And the sooner a person gets it, the more affordable it will be. For those who want to get affordable long term care insurance and obtain the healthcare coverage that will see them through their golden years, here are seven ways InsuranceAgents.com recommends to save on long term care insurance:

1. Obtain health insurance/long term care insurance quotes and compare policies, rates, and providers
2. Seek a longer elimination period, preferably a 90 day elimination period, to reduce the insurance premium
3. Get long term care insurance while the applicant is still young; applying for this insurance more than 30 days before a person's next birthday will save them 3 to 9 percent on premiums annually.
4. Applicants should apply with a spouse, as many providers will offer a major discount for couples who seek coverage together.
5. While the cost is as low as it's going to get, try to get as much coverage as possible--weigh benefits against cost and remember that maximum coverage will come in handy down the road.
6. An applicant's membership in a group--like AAA, or a homeowners association or alumni organization, for examples--may get lower rates, too.
7. Seek tax credits or tax deductions. The federal government rewards those who invest in long term care insurance.

For more information on long term care insurance or to obtain free health insurance quotes, visit InsuranceAgents.com.

About InsuranceAgents.com

InsuranceAgents.com connects consumers with local insurance agents, and provides expert articles to help consumers make the right decisions.

Website: http://www.insuranceagents.com/

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