6 Tips for Long-Term-Care Shoppers
To keep from paying too much or being covered too little, you’ll want to keep these hints in mind
If you think you might be a candidate for a long-term-care insurance policy, you’ve got homework ahead. These are some of the questions to keep in mind as you scale the learning curve:
Is LTC insurance right for our family? Lengthy care at home or in a nursing facility can cost hundreds of thousands of dollars—but possibly much less, and you might not need it at all. Ask yourself whether your projected savings can cover the expense and, if not, whether you can afford years or decades of annual premiums.
How do we find out about the choices? A licensed agent will walk you through offerings from different insurance carriers. Names of agents are available through state insurance departments, either online or by phone.