October 12, 2007, Newsletter Issue #67: Things to Look for When Choosing Long Term Care Insurance

Tip of the Week

Medicare and most insurance policies will not cover long term care such as nursing home facilities, assisted living facilities, and adult day care centers. Even home health care assistance typically isn't covered. This leaves many seniors wondering how they will pay for long term care expenses. The answer is to purchase Long Term Care insurance. These insurance plans will cover a multitude of conditions. Here are some tips on questions you should ask when comparing Long Term Care insurance policies.

What is the policy regarding pre-existing conditions?
What conditions aren't covered by the policy?
When will the coverage start?
Will the premium increase each year?
Is the policy Tax Qualified?

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Retirement Planning Tip Site? Request a Tip Now!

Guru Spotlight
Barbara Gibson