American Association For Long-Term Care Insurance

Americans are living longer and chances are you'll live well into your 80s, your 90s and possibly even longer.

When you live a long life, the likelihood you'll need long-term health care is greatly increased. Younger people also need care as a result of accidents or illnesses.

Long-term health care is generally not covered by medical insurance, by Medicare supplement plans or group insurance. For seniors on Medicare, the long-term care benefits are quite limited.

That is why over 10 million Americans have purchased long-term care insurance. The American Association for Long-Term Care Insurance was established to educate individuals and to support insurance and financial professionals who market this protection.

Our Consumer Information Center offers the most current information including costs, ways to save, tax deductibility rules and ratings for leading long term insurance companies.

The three questions we are asked most often is, how much does coverage cost, are there ways to save and what's the best age to start planning?

Costs vary significantly depending on your age and health when you apply and how much coverage you want. Costs also vary from one insurer to another - by as much as 80 percent per year.

Discounts can make your long-term insurance far more affordable than you think. For example, discounts are offered when two spouses apply. Some insurers will offer discounts to partners living together or a partial discount when only one person is covered. Discounts can vary from one insurer to another. There are ways singles or those living alone can also reduce the cost.

Each year the Association surveys insurers to determine ages for those purchasing coverage. For individuals purchasing coverage, some 3.5% did so between ages 35 and 44. Some 22.3% between ages 45 and 54. Some 54% between ages 55 and 64. The rest, 19.5% were age 65 or older. Costs increase based on your age. But the ability to health-qualify is what matters most.

We do not market or sell insurance but our members do. It always pays to speak with a professional because:
Costs for long-term care insurance can vary among insurers,
Discounts can vary from one insurer to another,
Acceptable health conditions can vary,
Covered care and policy benefits can vary.

Contact one in your area. Or fill out the Association's free quote request. We'll connect you with a professional who'll provide advice on planning and costs for insurance protection-without any obligation.

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