Articles Editor's Blog Reader Mail

Reducing Long Term Care Health Insurance Costs Lincoln NE

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.

Senior Market Supplements
(402) 467-0008
3915 Holdrege St
Lincoln, NE
 
Healing Radiance Massage
(402) 880-7618
1216 Howard St
Omaha, NE
 
Senior Market Supplements
(402) 467-0008
3915 Holdrege St
Lincoln, NE
 
McPike Brian & Christine
(402) 488-5100
8101 O St Ste 201
Lincoln, NE
 
Action Insurance Agency
(402) 697-8181
12100 W Center Rd Ste 208
Omaha, NE
 
Midwest Medical Billing Service
(402) 504-4680
11977 South 202nd Street
Gretna, NE
 
Med One of Nebraska
(402) 932-6331
P.O. Box 12083
Omaha, NE
 
Advanced Health Plans Inc.
(402) 312-7997
13520 Discovery Dr. Ste. 217
Omaha, NE
 
Brian Magiera American Family Insurance
(308) 728-3090
Ord, NE
 
American Family Insurance
(402) 391-6364
8031 W Center Rd
Omaha, NE
 

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...

Click here to read the rest of this article from Insurance Guide 101

Nebraska State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: alcohol/substance abuse, ambulatory surgery centers, breast reconstruction, cancer pain medication therapies, cleft lip and palate, colorectal cancer screening, dental anesthesia, dependent coverage (including newborns, adopted children, grandchildren, dependent student/adult, disabled dependent adults, domestic partner and civil union), diabetes (self-management and supplies), emergency room service, facility (public or other), mammography, mastectomy, maternity minimum stay, mental health, newborn hearing screening, newborn sickle cell anemia testing, off-label drug use, TMJ disorder, well child care, chiropractor, dentist, optometrist, osteopath (D.O.), podiatrist, psychologist

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap