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Reducing Long Term Care Health Insurance Costs Gillette WY

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.

Homestead Insurance Agency Inc
(307) 682-5130
1001 S Douglas Hwy
Gillette, WY
 
Vista Insurance Services Inc
(307) 382-2872
415 Bridger Ave
Rock Springs, WY
 
North Wyoming Insurance Inc
(307) 684-2535
98 S Main St
Buffalo, WY
 
Tegeler & Associates
(307) 332-7610
194 N 7th St
Lander, WY
 
Blue Cross & Blue Shield of Wyoming
(307) 745-5386
410 E Grand Ave
Laramie, WY
 
Blue Cross & Blue Shield of Wyoming
(307) 682-5001
405 W Boxelder Rd
Gillette, WY
 
Hitt Insurance Agency
(307) 856-1480
611 E Washington Ave
Riverton, WY
 
Tegeler & Associates
(307) 362-5655
1125 Pilot Butte Ave
Rock Springs, WY
 
Blue Cross & Blue Shield of Wyoming
(307) 856-4063
205 N 5th St E
Riverton, WY
 
Farmers Insurance Group
(307) 856-4439
113 S 2nd St E
Riverton, WY
 

Reducing Long Term Care Health Insurance Costs

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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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Wyoming State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: audiologist, breast reconstruction, cervical cancer/HPV screening, chiropractor, clinical trial cancer, colorectal cancer screening, dentist, dependent coverage (including newborns, adopted children, noncustodial children or stepchildren, disabled dependent adults), diabetes self-management and supplies, dietician, facility (public or other), licensed health professional, mammography, mastectomy, maternity (including minimum stay), nurse (anesthetist, practitioner, psychiatric), occupational therapist, optometrist, osteopath (D.O.), physical therapistA, physician assistant, podiatrist, professional counselor, prostate cancer screening, psychologist, social worker, speech therapist

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