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Living in Washington requires one to have an excellent savings account and a good number of assets, as the cost of long term care in this part of the country is unquestionably high. Although many policyholders of long term care insurance in Washington have to inevitably face higher premiums as these were increased by 10% last year, they would still prefer to continue their premium payments rather than dread the expenses which they could possibly incur from using long term care facilities in the future. In a comparative study of long term care facilities among neighboring states, Washington turned out to be way ahead of Oregon and Idaho in terms of rates of LTC facilities. In Olympia, WA the median annual cost for homemaker services is $48,048 according to the 2011 report of Genworth Financial. In Oregon and Boise, Idaho you get the same LTC service for $45,760 and $41,184, respectively. If you think that is a big difference already, read on and find out how much it would cost to use an assisted living facility in Washington for a year as compared to the one in Idaho. For a one-bedroom assisted living facility in the Seattle Area, you’ll be spending $51,000 annually while in Bend, OR this will only cost $44,400. Meanwhile, members of the elderly population in Spokane who are critically ill and require full time doctors and nurses to attend to their health condition will have to be in a nursing home. The current rate of a private room in a nursing home in this area is $95,265 as opposed to $87,381 in Portland, OR and $66,613 in Lewiston, ID which is relatively lower. There’s no doubt that the cost of long term care in Washington is tantamount to its cost of living that is why it’s noticeably very high. However, with a Long Term Care insurance Washington is not a bad place to be. Choosing Long Term Care Insurance in Washington Experts on the field of long term care insurance can attest to the rigidity of Washington’s state department of insurance especially when it comes to the rules which it has imposed on companies that wish to issue or sell LTCI. Familiarize yourself with the list of rules which the state has imposed on LTCI sellers before shopping for a policy. Washington is very strict when it comes to the eight-hour initial training and four-hour ongoing training that LTCI issuers should undergo every two years. If you’re in doubt of the motives of an insurance company selling you a policy, bring this immediately to the attention of the department of insurance. Before singing a policy, read it carefully as there were stories in the past of policyholders who were denied of their claims. This is the worst thing that can happen to anyone who has never lapsed on his premium payments. Though majority of insurance companies are after the welfare of the public, we cannot deny the fact that there is also a lot of bogus firms lurking around potential victims; just waiting for the right time to pounce on them and rob off their hard-earned money. ------------------ Complete Long Term Care is a resource website where you can find everything you need to know about Long Term Care insurance and some useful tips on how you can save on your Long Term Care insurance premiums.
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