I am a 58-year-old federal employees, and I am considering is registered as long-term care insurance plans of federal employees. It is a good deal?
It’s always worth looking at your options, if your employer offers long-term care insurance. Although employers do not subsidize premiums, they bear some of the cost of traditional Medicare the way, you might benefit from a discount on group policies. Some groups plan provided by the employer, ask limited medical problems, which may make it easier to qualify coverage than up, if you buy your own policy.
At the age of 58, you buy long-term care coverage in the sweet spot. People in their late fifties tend to have more disposable income, thanks to higher wages and reduce family obligations when the children leave home. And they are still young enough to purchase long-term care insurance at a reasonable price. Premiums are usually much higher, if you wait until mid to late sixty or older to buy insurance, you get, you can develop a medical condition that makes you uninsurable risk. When you’re nearing retirement, this is a good time to consider how you will pay potentially astronomical costs of long-term care, which does not include health insurance or traditional health insurance. Long-term care can be delivered at home, in community-based day programs, assisted living facilities or nursing homes.
If you or your spouse are a federal employee or active duty service member, now is a particularly good tons IME looking to the federal long-term care insurance plan, the nation’s largest group plan. This is very timely, if you have certain medical conditions, it is eligible to own affordable coverage difficult. See federal program website for more information about who is eligible to policy coverage and how much of the cost.
Federal program to provide an open enrollment period until June 24, which allows people to sign up for coverage than they usually need to answer fewer health problems (called “underwriting referred to” insurance speak). This is the first open enrollment period and simplified underwriting the program since 2002, but you still, if you have chronic diseases, such as Alzheimer’s disease, MUL will not meet the coverage tiple sclerosis, Parkinson’s or other specified medical conditions. You may need to provide additional medical information in certain circumstances (if, for example, youCrutches and / or multi-pronged cane). See the full list of standard application in.
If you are in good health when, but it is worth the cost of federal programs than their cost of buying insurance. (The same advice applies to non-federal workers who through their employers have access to long-term care). Many group policies do not offer discounts or discounts spouse’s health, so you may find a better deal with the policy of personal long-term care. You can by the American Association for Long Term Care Insurance Long-term care experts, you can learn by reading the long-term care and more rate hikes loom and long-term care coverage that you can afford to buy a round of long-term care.
