As an inducement for couples to both purchase long-term care insurance, discounts of up to 30 percent have been available. Leading insurers offer significant discounts for married couples or partners, explains Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI). The discount can reduce the premium cost by as much as 30 percent when both spouses apply. When only one spouse is insured the discount will still yield a 15 percent savings.
According to AALTCI, the spousal or partner discount is being reduced or disappearing. As insurers file new policies for state approval, the new discount is 15 percent when both spouses have policies or just five percent when only one spouse is insured, Slome explains.
Helping Florida Seniors Compare Medicare Plans Supported By AAMSI From:
The share of Florida s population that is age 60 and older is growing more rapidly than other components of the population. Â The U.S. Census Bureau estimates that nearly a third (32.5 percent) of Florida s population will be 60 and older by the year 2030, an increase of 34 percent from 2012.
To help Florida Medicare beneficiaries learn more about their coverage options, a new effort has been initiated by the American Association for Medicare Supplement Insurance (AAMSI). Our goal is to provide relevant and current Florida Medicare insurance information that can help consumers make better decisions, states Jesse Slome, AAMSI s director. Â Â The new resource reports data from
Care Issues For Medicare Beneficiaries Reported By Long-Term Care Insurance Association expertclick.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expertclick.com Daily Mail and Mail on Sunday newspapers.
(StatePoint) Americans are living longer than ever before, and with continually rising health care costs, the need for a long-term care solution becomes more of a âwhenâ than an âifâ situation, according to financial experts, who warn that Americans are largely waiting too long to plan and prepare.
âMany people wait until theyâre in their 50s or 60s before beginning long-term care planning, but with costs rising, itâs important to start planning when youâre younger and healthy,â says Heather Deichler, senior vice president, MoneyGuard product management, Lincoln Financial.
To get prepped, consider these tips from Lincoln Financial:
(StatePoint) Americans are living longer than ever before, and with continually rising health care costs, the need for a long-term care solution becomes more of a âwhenâ than an âifâ situation, according to financial experts, who warn that Americans are largely waiting too long to plan and prepare.
âMany people wait until theyâre in their 50s or 60s before beginning long-term care planning, but with costs rising, itâs important to start planning when youâre younger and healthy,â says Heather Deichler, senior vice president, MoneyGuard product management, Lincoln Financial.
To get prepped, consider these tips from Lincoln Financial: