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Reducing Long Term Care Health Insurance Costs Oklahoma City OK

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.

James Oplotnik
3621 Northwest 63rd St
Oklahoma City, OK
Company
Title: President
Company: Access Advisory Group LLC
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Years Experience
Years Experience: 24
Service
Asset Protection Strategies & Planning,Individual Income Tax Planning,Medicaid,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insuranc

Data Provided by:
Delivering on the Promise
(405) 651-9090
mustang
mustang, OK
 
James Oplotnik
3621 Northwest 63rd St
Oklahoma City, OK
Company
Title: President
Company: Access Advisory Group LLC
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Years Experience
Years Experience: 24
Service
Asset Protection Strategies & Planning,Individual Income Tax Planning,Medicaid,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insuranc

Data Provided by:
Delivering on the Promise
(405) 651-9090
mustang
mustang, OK
 
Insphere Insurance Solutions
(918) 519-1017
1915 W C St.
Jenks , OK
 
Oklahoma Health and Life Insurance
(405) 409-7884
4013 NW Expressway
Oklahoma City, OK
 
Bass Insurance Agency
(405) 340-7396
2 E 11th suite 206
Edmond, OK
 
ANCHOR INSURANCE AGENCY
(918) 688-6978
5810 E. SKELLY DR. STE. 620
TULSA, OK
 
Oklahoma Health and Life Insurance
(405) 409-7884
4013 NW Expressway
Oklahoma City, OK
 
United American Insurance Company.
(918) 766-6125
4821 South Sheridan Suite 226
Tulsa, OK
 
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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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Oklahoma State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: AIDS/HIV testing/vaccine , ambulatory surgery centers , ambulance transportation and services , audiologist , bone mass measurement , breast reconstruction , cervical cancer/HPV screening , chiropractor , colorectal cancer screening , contraceptives , dental anesthesia , dentist , dependent coverage (including newborns, adopted children) , diabetes (self-management and supplies) , emergency room service , hair prothesis , hearing aids for minors , mammography , mastectomy (including minimum stay) , maternity (including minimum stay) , mental health , newborn sickle cell anemia testing , nurse midwife , off-label drug use , optometrist , osteopath (D.O.) , PKU/metabolic disorder , podiatrist , prostate cancer screening , psychologist , speech therapist , well child care

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