What is the best long term health insurance?!
Question:
What is the best long term health insurance?
Which long term health insurance has the best coverage offered for the best value?
Answers:
That depends upon what you want covered. There are too many different types to go into here. You'll want to visit an independent agent. This person knows the plans in your area and can talk with you to find the best for your situation.
In general, you want a good A rated company. This means they'll be able to pay the claims and will be able to keep the premium down. You also want a plan that is comprehensive and covers both home care and facility care. You want one with a weekly or monthly benefit instead of a daily benefit. Most people get tax-qualified policies but non-tax qualified policies are easier to trigger.
Premiums will vary depending upon the benefit amount, elimination (waiting) period (most people will get a 90 elimination period because Medicare can possibly pay for the first 100 days), benefit period (most people need 4 to 5 years), as well a some other variations.