Los Angeles; June 24, 2013 – The sweet spot for looking into long term care insurance is between age 54 and age 64 according to the head of the American Association for Long-Term Care Insurance.
“Identifying an age bracket will encourage more consumers start the process of thinking about ways to plan for their future risk of needing long term care,” declares Jesse Slome, director of the American Association for Long Term Care Insurance. “And, there are many reasons why the decade between your mid-50s and mid-60s is the ideal time.”
The national long term care insurance expert was sharing the importance of planning. “Let’s start with why we recommend starting prior to turning 65,” Slome shared. “At age 65 people qualify for Medicare which qualifies them for a variety of health screens and tests. These tests often identify conditions that will disqualify them for long term care insurance and could well be the conditions that heighten their need for future care.”
As a result, Slome admonished consumers to look into long term care insurance prior to applying for Medicare. “Your health when you apply is far more important than many people know,” Slome advised. “Some insurers today will not accept you if you have previously been declined by another insurer; so if you have some conditions or take more than basic prescription medications, it is vital to shop your health.”
Slome advises working with a knowledgeable long term care insurance specialist appointed with between four and six insurers. “If I needed surgery, I’d want a surgeon who had performed the operation successfully a hundred times before and knew everything about the various techniques,” Slome shared. “A specialist will know the acceptable health conditions required by each insurer as well as the all-important small print contained in their contracts”
A common mistaken belief held by consumers is the belief that going direct to an insurance company will save money. “Insurers do not sell long term care insurance directly to consumers and visiting their website will only connect you with someone they know favors their particular policy,” Slome concluded. “That may be the best option for you but it really pays to work with a specialist who has less of a bias and more of your interest in mind.”
Consumers seeking long term care insurance costs who wish to connect with a designated specialist, a member of the American Association for Long-Term Care Insurance, can also visit the organization’s website or call 818-597-3227.
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