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Reducing Long Term Care Health Insurance Costs Millsboro DE

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.

Bill Curry
1521 Concord Pike
Wilmington, DE
Company
Company: Curry Poole Group, LLC
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
BS
MBA
JD
Years Experience
Years Experience: 42
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Portfolio Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Life Insurance,Investment & Portfolio Man

Data Provided by:
Keith Al-Chokhachy, Certified Financial Planner(tm)
2751 Centerville Road
Wilmington, DE
Company
Title: Certified Financial Planner"
Company: Morgan Stanley Smith Barney
Years Experience
Years Experience: 8
Service
Captive Insurance,Life Settlements,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,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,Fee Only Portfolio Management,Wealth Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rol

Data Provided by:
Brian Jow
(425) 883-4099
16701 CLEVELAND STREET
SUITE, DE
 
American Benefits Group Frank Hulmes
(302) 477-1577
Wilmington, DE
 
Jeff Bonifacino
1521 Concord Pike
Wilmington, DE
Company
Title: Financial Advisor
Company: Rockwell Associates
Years Experience
Years Experience: 26
Service
Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Annuities,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulatio

Data Provided by:
National Brokers Network
(302) 722-4084
121 Middleboro RD
Wilmington, DE
 
Medisweans
(302) 295-8298
501 Silverside Rd, Suite 105
Wilmington, DE
 
Data Provided by:

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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Delaware State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: alcohol and drug abuse treatment, birthing center/midwife, blood lead poisoning poisoning screening, breast reconstruction, cervical cancer/HPV screening, chiropractor, clinical trial (cancer), colorectal cancer screening, contraceptives, dependent coverage (including newborns, dependent student/adult), diabetes supplies, early intervention service, emergency room service, hair prosthesis, hearing aids for minors, mammography, maternity minimum stay, mental health, newborn hearing screening, nurse (midwife, practitioner, off-label drug use, optometrist, osteopath (D.O.), ovarian cancer screening, PKU/metabolic disorder, podiatrist, prostate cancer screening, well child care

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