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Reducing Long Term Care Health Insurance Costs Beaufort SC

Group coverage will always be less expensive. The risk for the long term care health insurance company is reduced because it's spread among the group. Read on and know more.

Don May
80 LADIES ISLAND DR SUITE F
Beaufort, SC
Company
Company: LPL FINANCIAL
Service
High Yield Bank Accounts,Income for Life/ Preserve Principal,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Hourly Financial Planning Engagements,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,401k Rollover

Data Provided by:
Don May
80 LADIES ISLAND DR SUITE F
Beaufort, SC
Company
Company: LPL FINANCIAL
Service
High Yield Bank Accounts,Income for Life/ Preserve Principal,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Hourly Financial Planning Engagements,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,401k Rollover

Data Provided by:
Justin Grau
424 Old Cherokee Road
Lexington, SC
Type
Investment Advisor Rep: Yes
Education
BS In Nuclear Science and Technology
Years Experience
Years Experience: 3
Service
Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Annuities,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances

Data Provided by:
BasicPlus Insurance Services, LLC
(803) 233-6139
PO Box 682
Irmo, SC
 
The J&J Agency, LLC
(877) 634-7787
210 West Stone Ave
Greenville, SC
Prices and/or Promotions
Ask about our payroll services!

USA Benefits Group
(877) 219-0936
27 Pelican Circle
Beaufort, SC
 
Martin Shapiro
2435 E. North Street
Greenville, SC
Service
Fee-Only Comprehensive Financial Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal

Data Provided by:
The Insurance Market
(864) 438-0557
31 Boland Court, Suite #127
Greenville, SC
 
USA Benefits Group
(877) 219-0936
27 Pelican Circle
Beaufort, SC
 
Triest & Freudenberg Group Inc.
(843) 556-6232
1052 Gardner Road
Charleston, SC
 
Data Provided by:

Reducing Long Term Care Health Insurance Costs

Provided By: 

Reducing Long Term Care Health Insurance Costs

In all cases when you buy insurance if you can reduce the risk to the insurance company, you can save money.

Here is a list of potential ways to save money on long term care health insurance:

  1. Find a group policy for long term care health insurance. Group coverage will always be less expensive. The risk for the long term care health insurance company is reduced because it is spread among the group. The challenge is that group policies may be restricted in what they cover. You can always supplement a group policy with some additional individual coverage, if you need it.
  1. Buy early. If you wait to buy long term care health insurance until you are in your 60's your premiums will be much higher. Premium increases are steep in this age bracket. Buying much earlier will not only save you money on a per premium basis, but may even save you money over the time you are insured. It also keeps you insurable. If you apply for long term care health insurance, and you are already elderly, you could be denied coverage.
  2. Buy a policy with a waiting period for benefit's. This is the same principle as buying auto insurance or home insurance with a deductible. You assume some responsibility for paying costs out of pocket and in return you get a break on your long term care health insurance premiums.
  3. You can also consider a long term care health insurance policy which only pays a percentage of the actual costs of care. This is another way to keep premiums lower.
  4. Always compare quotes. While you are comparing quotes, also compare long term care health insurance companies. The long term care health insurance company with the lowest premiums may actually have a track record of the most premium increases. Check all the factors which might affect you. If a long term care health insurance company increases premiums frequently, and you are buying insurance while you are young, you may more than make up the money you sav...

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South Carolina State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: alcohol/substance abuse, audiologist, autism, bone mass measurement, breast reconstruction, cervical cancer/HPV screening, chiropractor, cleft lip and palate, dependent coverage (including newborns, adopted children, disabled dependent adults), diabetic supplies, emergency room service, mammography, mastectomy (including minimum stay), maternity minimum stay, mental health, off-label drug use, optometrist, podiatrist, prostate cancer screening, psychologist, social worker, speech therapist

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