How many people do you think enjoy planning for the day that they will need round-the-clock nursing home care? How many want to think about the time when they won’t be able to bathe themselves, or dress themselves or even feed themselves?That’s what makes talking about long term care insurance in Missouri so difficult. But difficult or not to think about, the fact remains that according to U.S. Census figures almost one out of every two people in Missouri who reach the age of 65 will need some form of long term care at some time in their life.And it’s not as if the government will provide long term care. The federal government’s Medicare program effectively provides no long term care protection at all, and the state of Missouri’s Medicaid program, while providing some long term care, requires that a person spend all of his or her assets before they are eligible for assistance. And once they are impoverished the state determines what services will be provided and where and how those services will be provided.So when should you start looking at long term care insurance? Any time following your 30th birthday, according to experts. There are basically two reasons for looking into long term health care at such an early age. One reason is that your monthly premiums are very low when you are in your 30s and quickly escalate as you get older; locking in low rates just makes good economic sense.The other reason you might want to consider long term care at such a young age is that according to statistics a surprising number of men and women in their 40s and 50s already need to take advantage of such insurance. The primary reason is accidents – 30 and 40 year-old adults are prone to severe accidents as they continue pursuing activities that came so easily to them in their 20s and 30s.In addition to locking in low premiums by buying long term care insurance at a young age, what else can you do to help keep the cost of your policy down?Live a healthy life-style for one thing. It doesn’t take a rocket scientist to figure out that people who smoke and who are overweight are going to have to pay more for long term care insurance than people who don’t.Also, people who routinely pursue dangerous activities, such as rock climbing, hang gliding, dirt bike riding and so forth may also find themselves facing higher long term care premiums.Where you receive your care also influences the cost of your long term care insurance. A policy which covers in-home care on a day-basis is going to be far less costly than a policy which covers round-the-clock care in a nursing home.The total amount of the policy also makes a huge difference in how much it costs. Most policies have a lifetime cap on the amount they will pay for long term health care, or they have a cap on monthly payments.Don’t neglect to ask for any multi-policy discounts if you also carry other insurance, such as homeowner’s or auto or health, at the same insurance company.Long term care insurance policies have what is known as an Elimination Period. This is just insurance-speak for a deductible. The longer your Elimination Period – in other words, the longer you will pay for your own long term care before asking your insurance company to start paying – the lower your monthly long term care insurance premiums.Finally it’s time for you to get online and start comparing policies and prices. Don’t be surprised to find that the same policy for the same person costs considerably less at some insurance companies than it does at others.Also don’t fall into the trap of thinking you can fill out just one form on one site and you’ll have all the comparisons you need. It would be nice if that were true but it really isn’t. If you truly want to get the best rates on long term care insurance in Missouri you will need to check out at least 3 different websites.At the end of the day, however, you will know what the best policy for you is and you will know with certainty that you got the best deal possible.
Studies show that most of us are going to need long term care at some point in our lives. Keep in mind that long term care does not necessarily mean care for the rest of your life. Long term care needs can stem from an automobile accident in which your injuries may only be severe enough to require assistance for a few weeks or months, to just plain old age in which case you may need assistance for the rest of your life.Since so many of us are going to need long term care at some point, we have to wonder whether or not we should purchase long term care insurance. It is a daunting decision, given the fact that we spend so much of our lives working and sending payments for so many other kinds of necessary insurance. We buy auto insurance because it is required. We buy life insurance because we do not want to leave our loved ones financially strapped. We buy health insurance because it is just smart. After a while, all of those insurance bills begin to add up.Compared to the costs of other types of insurance the cost of long term care insurance is probably one of the trickiest costs to figure out. Prices vary depending on how old you are, how much long term care insurance you want to purchase, the kinds of options you choose to go along with your long term care insurance policy, and of course the long term care insurance provider you choose to purchase your policy from.Because of these variables, the cost of long term care insurance can vary anywhere from lower than $100 every year to up in the thousands of dollars every year. This kind of widespread price range undoubtedly makes a person wonder whether or not purchasing a long term care insurance policy is really worth the cost – or, even feasible budget-wise.
Most people refuse to image that they will one day need help feeding, bathing and clothing themselves, or that they could ever need round-the-clock care in a private nursing home – yet according to recently-released census figures, almost 50% of all Missouri residents who live to age 65 will need such care at some point in their life.The federal government’s Medicare program does not pay for long term health care. Many people mistakenly believe that Medicare will take care of all their health needs once they reach age 65 – unfortunately those people are wrong and could be in for a very rude awakening.Missouri’s Medicaid program is somewhat more helpful with long term care than Medicare, but not by much. Before you are qualified to receive Medicaid assistance you must spend all of your personal assets. In other words, you must first become totally dependent on the state. Next you must accept the state’s assessment of your condition and accept the state’s mandated treatment program. And, possibly worst of all, you must accept treatment in whichever facility the state chooses for you.Many people find such a scenario frightening in the extreme. If you want to insure that you do not end up in such a nightmare then you have only one choice – purchase long term health care while you are still able to.Long term health care is not free, of course, but there are things you can do today to keep your costs as low as possible for the rest of your life.Start by buying your long term health care insurance before your next birthday. With each birthday that you celebrate the cost of your long term care insurance goes up and up. Lock in the lowest price possible today.If you are not already living a healthy lifestyle, start. Cut out all tobacco products in any form and lose weight. Stopping smoking and losing weight are two of the most difficult things you will be asked to do, but the benefits of doing both of those things will be enormous and last for the rest of your life – plus they will reduce the cost of your long term care insurance today.If you have a dangerous job or if you drive a high-speed sports car or muscle car consider making a life change; activities which put your health at risk will drive up the cost of your long term health care insurance.If you can, combine all of your insurance policies – long term health, auto, life and homeowner’s – into one insurance company. Most companies offer a nice multi-policy discount that can save you some serious change.Go online and compare policies and prices. Many websites exist which allow you to quickly and easily compare the policies and prices at a number of insurance companies. Unfortunately no one single website compares all insurance companies, so in order to truly find the most affordable long term care insurance in Missouri you will have to enter all of your information onto the form on at least 3 different comparison websites.Sure it’s a lot of work, but is it worth it? Most people think so. After all, saving hundreds or even thousands of dollars a year, year after year makes one afternoon of work seem pretty insignificant.
Long term care insurance is one of the less popular insurance policies. It’s lack in popularity is not really because of its unimportance but largely due to ignorance and general misconceptions. The consequences of these are usually grave. Because of this I think it will be a wise move if we took some space off here to make sure we’re all aware of the dangers in most of these misconceptions.There’s the misconception that long term care insurance is for the very old. Most people usually think that those who require long term care are usually those who are above 65 years of age. However, nothing could be farther from the truth.About forty percent of those who receive long term care are between the ages of 18 and 64. While it’s true that the older a person gets the more the need for long term care, certain health conditions may make it a necessity much earlier.Now some folks tell themselves that they’ll get it when the need becomes evident. That’s another mistake. This is usually unavailable once a health condition that requires long term care is diagnosed.Long term care insurance is a necessary policy. Yes, an average teenager shouldn’t bother about it but if there’s a history of certain health conditions in the family that require long term care you’ll do well to get one while you’re younger. It will save you and yours a lot of pains.For the rest, Waiting till you’re fifty may not be a bad idea. However, getting your long policy a little earlier won’t be a bad idea either.And, to help you pay for it with more ease visit quotes sites. These will show you companies that offer the lowest rates. It’s best if you visit at least three of such quotes sites. Since they return quotes for free and will do that in under five minutes, it’s well worth your while.You can even manage to pay for your policy without altering your insurance budget if you take some time out to get quotes also for your existing insurance policies: Auto, home, health and life. The savings you realize will, in most cases, cover the cost of your policy…
Insurance can be really confusing and this is even truer when a person is looking for long term care insurance. Unlike automobile, life and health insurance, this type of insurance isn’t viewed by everyone as a necessity. It is important though and when you are comparing low cost term care insurance in the state of Virginia you need to take more into consideration than just the price of the premiums.Not all long term care insurance companies are created equally. Some have been in operation for many years and have a stellar reputation of showing their clients respect and compassion. Other long term care insurance companies are new and their reputation is questionable. For a consumer looking for long term care in Virginia they can inquire about whether or not a company is licensed with the state Bureau of Insurance.It’s essential that the person comparing rates ask for the same levels of coverage with each long term care insurance company they contact. For this reason a little pre-quote gathering research is essential. Both nursing care coverage and home care coverage both qualify as long term care and the applicant should be prepared to state what level of coverage they are interested in including how much they are willing to pay in out-of-pocket expenses.It can be beneficial to not only contact several companies that specialize in long term care coverage but your own current health or auto insurance company too. Buying several policies from one company can often yield the lowest rates on all and it certainly doesn’t hurt to inquire about the possibility.Although many factors will come into play when you are comparing low cost term insurance, the main core of your decision should be based on which company you feel most confident with along with what coverage you feel will fulfill your needs when the time comes.
The importance of long term care insurance (for those who need it) cannot be overemphasized. As good and as important as it is, it introduces an additional strain on our budget. You don’t want to even imagine the greater pains that could result if you don’t have it and then end up needing long term care. Here’s a breather: You can get long term care insurance without exceeding your current insurance budget.I’ve taken for granted that you already have auto, home, health and life insurance policies. For those who fit the bill, here’s how to do it…Please, note that many insurance companies give discounts if you have multiple policies with them.This one requires some time commitment as you’ll have to do some shopping and comparisons. We’ll use insurance quotes sites as resources. You’ll have to visit up to five quotes sites (but not less than three). Having your details ready will make it easier and faster for you to obtain quotes. So, get your details ready.You’ll visit all the sites you’ve chosen and obtain quotes for each policy. Obtain quotes for each of your insurance policies from at least three quotes site. You’ll see high quotes and you’ll see low quotes from different insurance companies. The difference in rates is because of each insurer’s unique way of judging the risk involved in underwriting a person.Begin to compare quotes for each policy to see the lowest price to value ratio. The lowest quote that does not cut off features of importance to you represents what you should be paying. Subtract what you’re paying currently to see how much you’ve saved. Do this for each of the other policies in turn. The grand total represents your total savings if you switch to those insurers.Different people will make savings in different ranges depending on how well they researched before buying their current policies and how many policies they currently have. Total savings could be a few hundred dollars or over $3,000!Some folks will realize enough savings to pay for a long term care insurance policy without spending a dime more (and some change too). Others will have to augment what they saved to pay up.The probability that this will be the case is higher if you have fewer insurance policies and less extensive coverage.How much will you save for sure? I don’t know. But you can find out now. The worse case scenario will still see you make savings of a few hundred dollars unless you just did this not long ago.
If you are looking for cheap auto insurance quote, look no further than the Internet. Not only will you have more options, you can thoroughly go through the whole gamut of car insurance quote without even leaving your home.Online sites for auto insurance quotes provide a form that you would need to fill out to get quotation. You should take care while filling out the form because the information that you provide in the form will have an impact on the kind of quotes that you get from the company. So make sure that you do not make any typing or factual error. Do not rush through the form. Take time to fill out the form.Take Your TimeThe form for car insurance rate quotes would ask for your age, marital status, gender, car model, contact numbers and address. The information that you provide under these heads will obviously affect your policy rate. For example, companies provide lower rates to women than to men. To put the argument in simple terms, the insurance companies argue that men drive more miles per year than women. Therefore, men are at higher risk for accidents. Thus the need for higher indemnity rates for their cars.The type of car you drive and where you live also have an impact on your auto insurance rate. Sport cars attract expensive coverage. Furthermore, if you live in an area where crime rates are high, you will have to pay more for your policy. However, this does not mean that you cannot get cheap quotation.Some Tips To Get You Low QuotesFollow these tips to get cheap California auto insurance, Texas auto insurance or for that matter wherever you are living in the US.
Make it a habit of looking into several quotes offered by different companies. Do this regularly. This will help you finally get a company that offers cheap car insurance quote.
Higher deductibles will attract lower premiums.
Take care of your credit scores as they influence your quotation. Good credit scores will get you cheap quotes.
There are companies out there who will offer you discount for multiple insurance policies.
If you show the company that you are at a lower risk, you will get low rates. For this, all you need to do is to show that you have a good driving record and that you have installed anti-theft devices in your car.
Take a six hour driving training course to get a 10% discount on your policy.
So if you take your time and keep the above mentioned points in your mind, you can surely find the best auto insurance quote in no time.
Learn Why Your Current Auto And Medical Plans Are Not EnoughMexico consistently ranks amongst the top ten destinations for travelers. Its tropical resorts and mountain retreats offer a range of activities from shopping to adventure sports. It also creates the right circumstances for accidents and injuries.According to the Department of State, the lead U.S. foreign affairs agency, many American visitors assume the standards of security and safety are the same as they are in the U.S. These presumptions have lead not only to serous injuries, but even deaths. Compounded by differences in Mexican law, accidents and medical emergencies can become a costly and bureaucratic nightmare. As a result, the Department of State urges citizens to take responsibility for their safety, and to also ensure that they have the auto and medical insurance needed.Driving and Mexican LawMexico’s law is based on Napoleonic Code where guilt is assumed over innocence. As a result, all drivers must have a Mexican insurance policy from a company authorized to do business in Mexico to cover damages or injuries.”U.S liability insurance is simply not valid in Mexico. That even includes most of the major U.S. collision and comprehensive coverage plans.”In addition to the required Mexican auto insurance, you should also consider a plan that covers legal aid and bond fees.”In Mexico, it is considered a felony to have a traffic accident, says Gray. “While the police are investigating who is at fault, your vehicle may be impounded and you will be detained by Mexican authorities.”The Department of State further warns U.S. travelers that they can be prevented from leaving the country even if “life-saving medical care” is required.Emergency Medical ServicesMexico has a free national health care system; however, visitors are not entitled to this service. Tourists can only receive medical treatment and medications from private clinics and hospitals. Gray’s company strongly urges customers to check their medical insurance company to confirm whether their policy applies in Mexico and whether it will cover emergency expenses such as a medical evacuation.Surprisingly, most Mexican auto insurance plans will only help you find a facility, and may only cover up to four passengers. Many medical assistance plans only cover portions of the cost depending on location, activity or cause of injury. For those with the Social Security Medicare Program, costs for hospital or medical care outside the United States are not covered at all.”It’s important to fill the gaps and exclusions that your auto and medical insurances have,” says Gray. “In addition to Mexican auto insurance, travelers should add an emergency medical assistance option because most health plans exclude medical evacuation in foreign countries.”Gray recommends a plan like Assist America which is used by the American Medical Association and the American Red Cross. This type of plan provides services such as emergency medical evacuations, critical care monitoring, and guaranteed hospital admission.Selecting A PlanThe easiest and quickest way to find Mexican auto insurance is online. When selecting a plan, look for one that offers the following:o Third Party (Civil) Liabilityo Medical Expenses for Driver and Occupantso Assist America Medical and Travel Assistanceo Physical Damage and Total Theft of Vehicleo Legal Assistance and Bail Bondo Roadside Assistanceo Partial Theft and VandalismMake sure the plan covers you during your entire stay. Most plans have daily, six month, and annual policies.
When you are looking to purchase any kind of insurance be careful that you aren’t paying extensively for service you don’t need or will never use. If you feel that you do need insurance, make sure your most important needs are covered. Shop around for the most specific plan to your needs, that will cover the most services for a reasonable price. Be aware that there are scams out there. Here are some things to look out for.Insurance salespersons are required to have licensing. Call the state and make sure that they are licensed. To sell any kind of insurance in the US, you MUST be a licensed professional. If you cannot verify certification, that is a major red flag.It should be easy for you to get in touch with them in case of a problem. You should understand exactly what they will pay for and exactly what you have to pay for. Your monthly expense should fit your budget. It should never be a hassle to get a reimbursement. There was a scam for thousands of dollars a person for unlicensed and unregulated, self-funded health insurance. (unpaid claims) That means these people had to pay out of their pockets, to the con artists and to their hospitals.If the premiums are exceptionally low and there is no regard for pre-existing conditions, beware. There are many complaints about doctors who lack the necessary skills and poor clinic conditions that accept the given insurance. These are substandard places, or they should be considered sub-standard.They should offer a list of providers before you pay, not after. As with any scam, money is the trade for information. If you are not given all the information you feel comfortable knowing before you pay, then don’t pay. Hard copy information with details about their plan should be available to you free of charge.Get to know the insurance lingo. If they don’t use the word insurance, maybe they aren’t really offering any. The newest scam is Global Healings Society and The Community Financial Bond websites claim that by assurance, instead of insurance, they will be able to support each other. Claims are not paid because the organizations say that the necessary numbers to make the system work are not being met. Money is being poured into this system that apparently does not work.Also, recently, there have been thousands of complaints about customers feeling that they have been overcharged in medical billing. It turned out that they were! By hospitals themselves no doubt. I mean thousands of people! In reality, only 30% of these complaints were valid, however, that is quite a few considering over ten thousand complaints, and perhaps those who did not report anything.Do your homework before you sign up for an insurance plan. Find out the details on what you are responsible for paying, and exactly what they will cover. You have a right to the information of how much any stay, treatment or procedure at a hospital will cost. Don’t just take the first option you see. Shop around for the best legitimate deal, and earn and save as much as you can for the unexpected.
Critical Illness Insurance is promoted through greed and scare tactics. My advice on insurance for critical illness is learning more. Find out why buying this insurance may not be critical at all.Critical illness insurance makes monster sales volume in countries outside the United States. The buyers are often ones who cannot afford major medical insurance premiums. Critical illness policies vary, but the majority provide benefits for major heart conditions, strokes, and cancer. These, in that same order are the three major causes of death. Likewise, for survivors, all three produce extremely costly medical bills. However, hundreds of other conditions also cause astronomical bills.I recently had spinal-neck fusion surgery. A combination of an illness and accident required the surgical operation. My bill exceeding a whopping $50,000.00 amount. Critical illness insurance would not have paid a dime. My major medical insurance paid all but $20.00 for television and phone service during my hospital stay. Since 2002, I have been hospitalized 17 times. 2 were for heart conditions, 11 were for major strokes and TIA’s (mini-strokes). Personally, I have no separate insurance for critical illness like my heart and stroke situations. Never have I had an outstanding bill of over $65.00 to pay.My advice is buying insurance that is really essential. Do you have your important insurance needs covered. This includes your cars, your home or apartment, enough life insurance, and quality major medical insurance. If so, and if you have the financial means examine disability income coverage, and long-term care insurance. If you have ALL these properly covered, there should be a plan in effect to provide for an adequate retirement. Even if you belong with the very minority of Americans that have covered all these bases, should you even consider critical illness insurance? My insurance background advice would be to get some financial awareness of insurance companies. Obtain information similar to what I have assembled about the amount of money insurance companies spend on paying out claims. With companies that sell auto and homeowners insurance the amount of claims paid can approach the money they collect. Especially if a storm catastrophe hits their policyholders. Now examine the claims paid by critical insurance that collect money from people buying their plans. If is not unusual to see claim payments below a 60% to 70% ratio. Extremely profitable results are obtained when a critical illness insurance carrier collects much more money than ever paying out.Ask yourself the purpose of buying insurance. Your answer is probably close to mine. Insurance is bought to pay for a risk that you would have problems handling with the money you have available. Critical illness insurance should rarely be purchased, except in poor countries to cover a need, when proper coverage may not be affordable. Therefore two emotional techniques are used in America by insurance salespeople. The sales person will tell you how you could have large unpaid expenses if you a critical illness should occur. They will give you a grocery list of possible expenses to create a fearful scare.Take it from me, a person who sold health insurance but never bought insurance for critical illness. I experienced heart and stroke situations highlighted in these policies. I am also in the early stages of leading to bone cancer. With my major medical insurance coverage tested many times, I have no fear of large unpaid bills that will devastate me. If an insurance agent selling this coverage approaches you, ask the agent to see the policy that the agent personally bought. Most agents cannot afford the necessary insurance coverage, let alone one with little risk value.Please do not be a sucker to the extra paycheck approach. A smart person NEVER buys risk insurance to try to make a few dollars. Likewise, insurance companies would not sell critical illness policies except for the fact that they are so profitable to them and the agent that sells the policy. $25 a month for 10 years is $3,000. If you found $3,000 under your pillow today, I am sure you could find a good way to spend it.