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Even though you’re an executive in one of the Fortune 500 companies, it’s still your health and not your money that will determine how much you’re going to spend for long term care services. When you start scouting for long term care quotes, remove all the information fed to you by a colleague, friend or relative who is currently paying $55,480 for home care after being diagnosed with Parkinson’s, Early Onset Alzheimer’s Disease (EOAD) or other critical illness. Long term care quotes vary according to the needs or requirements of every individual. If you have diabetes for instance, you’ll have to spend for daily insulin medications and other maintenance medicines to ensure the stability of your heath. Aside from those expenses, there’s the hourly rate of your home health aide to consider or nursing services if you’re already on the critical stage. There are so many factors to consider before you can figure how much you’re going to actually spend in the future for LTC. Before asking your insurance agent to provide you with long term care quotes from different insurance companies, it would be best to assess your family’s health history first. If you find out that you have grandparents, aunts and cousins who died due to a common debilitating illness, chances are you can acquire such sickness, too, in the future. No matter how conscious you are with the food you eat, the probability of you falling into the same health condition can manifest when you enter your later years. On the other hand, if you discover that many of the deaths in your family were simply caused by old age, and that none of your relatives had succumbed to a life-threatening sickness, you can drive to your doctor’s clinic with some relief. It is advisable to undergo medical checkup while you’re health is in the best condition because once you apply for LCTI, the insurance company will review your medical records. Upon submission of your medical results, it will take a month before you’ll know if you qualified or not. Once you have qualified for LTCI, it would not matter anymore if you suddenly manifest health changes in the succeeding months. Let’s say you applied for an LTCI comprehensive policy today and then after one month the insurance company calls to inform you that they have approved your application. Two months later, your doctor tells you that you’re showing signs of obesity. In spite of your doctor’s new health findings, rest assured when a benefit trigger occurs five years from now you can claim your benefits from the company which issued your LTCI policy. By the way, before you apply for an LTCI policy take time to canvass rates of long term care facilities in your area. After having done so, calculate the possible cost of each facility 20 years from now, as it was predicted that 15 years from now these rates will double and by 2030 a fourfold increase. Get long term care quotes from top providers at CompleteLongTermCare.com. Visit our website to learn how to save money on long term care insurance premiums.
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