Long Term Care Insurance Specialist Saves Woman $18,600

November 11, 2014 – Consumers today don’t understand the important role their medical records play in what they will pay for long term care insurance planning cites the head of the American Association for Long Term Care Insurance.

“An agent can only give you his or her best guess of what you’ll pay for long-term care insurance,” declares Jesse Slome, director of the American Association for Long Term Care Insurance.   “The insurance company will examine your medical records and may even conduct their own testing before they tell you what your coverage will cost.   Consumers do not understand how very important those medical records are.”

The Association director pointed out the latest Real People installment showcasing real stories of how working with a knowledgeable long-term care insurance specialist benefited the consumer.

“In this case, the applicant was a single woman in her late 50s who noted that she had been treated for anxiety,” Slome shares.  “However, it turns out that her doctor used the terms anxiety as well as depression interchangeably.   He took them to mean one and the same but that’s not how the insurance company interpreted the matter when reviewing the medical records.”

As a result, the insurance company set her premium at 22 percent more per month.  “Over the years she would have paid $18,600 more to the insurance company simply because of the one word in the report,” Slome declared.   Instead, the long term care insurance specialist helped the individual request written clarification from the physician that resolved the matter.

To access more real stories of ways consumers reduced the cost for long term care insurance or got better coverage, go to the organization’s website: http://www.aaltci.org/ideas.

For long term care insurance costs from leading insurers offering this protection call 818-597-3227 or visit the Association’s website to connect with a knowledgeable long term care insurance specialist.

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