Long-Term Care Insurance - New Guide Reveals Several Methods To Reduce Costs

The American Association for Long-Term Care Insurance (AALTCI) has released a free report, called the “2 Minute Guide: Reducing The Cost,” with suggestions on how to reduce long-term care expenses.

The month of November in the U.S. has been designated as Long-Term Care Awareness Month. Institutions such as the U.S. Congress has urged “the people of the United States to recognize (this) as an opportunity to learn more about the potential risks and costs … and the options available.”

Around ten million Americans have current long-term care needs according to the American Association for Long-Term Care Insurance. These needs cost more than $200 billion in yearly expenditures. Many healthcare authorities predict this number will rise in coming years due to the 76 million baby boomers moving into their “Golden Years.”

One company that is an active supporter of Long-Term Awareness Month is LifeSecure Insurance Company of Brighton, MI.

“We’re proud to support this important educational campaign,” says Lisa Wendt, president and CEO of LifeSecure Insurance Company.

“Few people are aware of the available discounts and planning techniques that can make long-term care insurance quite affordable,” explains Jesse Slome, the organization’s executive director.

Wendt added, “It is possible to reduce the cost considerably by buying earlier rather than later, as rates are based on age and health factors or by taking advantage of significant spousal discounts available from most carriers.”