Long Term Care Insurance Association Shares Money Saving Strategies

March 20, 2014 –  An initial series of real examples of ways individuals saved on their long term care insurance have been published

long term care insurance cost comparisons

long term care insurance cost comparisons from long term care insurance specialist

online by the American Association for Long Term Care Insurance, a national trade group.  The organization plans to add one new idea weekly as part of their consumer awareness and educational efforts.

“More Americans are investigating long-term care insurance for the first time and mistakenly think all plans, options and prices are pretty standardized,” declares Jesse Slome, director of the American Association for Long Term Care Insurance (AALTCI).    ”They are shocked to learn how simple it is to overpay for coverage or how by asking the right questions, they can save hundreds of dollars every year.”

As part of the organization’s consumer awareness and education efforts, the Association has added real examples of ways people reduced the cost of their coverage or secured better benefits suited to their particular situation and budget.  “Our goal is to give people real examples that they may relate to,” Slome adds.  “By reading the explanations a consumer can learn what to look for and what questions to ask.”

The Association plans to add one new real example each week.   Many of the examples are provided by long term care insurance specialists.  “If you have heart issues you want to consult a cardiologist who specializes,” Slome explains.  “Today, your long term care options can be enormously complex and working with a long term care insurance specialist can be beneficial even if all you want is to get a second opinion,” he adds.

The initial situations examine situations where an individual wanted her daughter to provide care.    “Two policies appeared to both offer this option but one limited the benefit that would be paid to unlicensed family members,” Slome reports.  “Unless you read the insurance policy small print, you’d never know this until you actually file a claim years from now.”

To read the real examples visit the Association’s website at www.aaltci.org/ideas.  For no obligation second opinions for long term care insurance costs from a designated specialist call the organization at 818-597-3227.

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