When To Start Thinking About Long Term Care.
The cost of long-term care insurance offered through your employer may be more than you need to pay. Many Long Term Care policies offer discounts that can result in substantial savings for good health or including a spouse/partner on the policy, when purchased on an individual basis.
The underwriter for the insurance company may request health information for evaluation based on your age. You may qualify for a significant discount, typically 10%, if you are in good health. Even if your health changes in the future, you won’t lose the discount.
You can reduce the amount each individual pays for long-term care insurance by as much as 40% with marital or spousal discounts. With combined savings for a couple, the cost may add up to only 20% more than a single Long Term Care policy.
The underwriter for the insurance company may request health information for evaluation based on your age. You may qualify for a significant discount, typically 10%, if you are in good health. Even if your health changes in the future, you won’t lose the discount.
You can reduce the amount each individual pays for long-term care insurance by as much as 40% with marital or spousal discounts. With combined savings for a couple, the cost may add up to only 20% more than a single Long Term Care policy.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.