Individual Long Term Care Insurance

I currently have long-term care (LTC) insurance through payroll deductions through my work. The insurance company selected is John Hancock. However, when looking at the cover, they have a wait of 90 days before benefits kick in. I thought periord make my own thorugh AFLAC LTC insurance instead I understand they have an option zero day waiting period. When you talk to someone AFLAC today, first she said, they do not sell individual insurance, but only through work. She asked me what I was working for the company. I told her and she said she thinks AFLAC does business with my company and she had come back to me.

About 30 minutes later she called me and said, yes, and I can not AFLAC established for insurance with them through payroll deductions. I said, my company chose John Hancock. She said it always agree, I can still get indirectly provided by AFLAC through payroll deductions. Is that the right sound? Has anyone been to Yahoo Answers AFLAC LTC this way? THX.

If your company allows payroll through dedution AFLAC and they have no restrictions on the purchasing policy as you type, then yes you can use for your AFLAC CTA. You should check with your human resources office, they will be able to tell you. I would compare the benefits of others before buying. Make sure you do not give up something else to get a waiting period 0.

Try contacting Primerica Financial Services. They give you a free Financial Needs Analysis. Their provider of long-term care is Genworth, and there is a waiting period, but I know it can be lifted, how to start getting paid right. The FNA will show you how much and what type of insurance you need based on your unique circumstances. Check their website or give them a call, they are in phonebook. Good luck

It is possible mostly

John Hancock is an insurance premium. You are lucky to have available through work. With this kind of insurance you want to opt for quality, because if you need to get the benefits, you do not have a dispute with your insurer.

With a group plan, you get a low cost of the premium, but you must also take paramenters your human resources department set up. A waiting period (called waiting period ") of 90 days is by far the most common. What this means is that you pay all expenses for the first 90 days, then the insurance comes in. If you are worried that 90 days?

Firstly, you should know that the cost of a semi-private room in a nursing home is about $ 150 per day. Care at home or in an assisted living facility is less. Thus, your maximum financial exposure is $ 150 per day x 90 days = $ 13,500. You are statistically unlikely to use your coverage, so if you have more than $ 13,500 in the bank, do not worry.

Secondly, you should consider that there are two ways to come to need long-term care - all of a sudden (as can happen in an accident) or gradually (as may occur as people age and lose his personal capacity). If you came to need LTC suddenly, you may need to pay only $ 13.500. But if you just need LTC gradually, you will not need to pay almost as much. Many plans of John Hancock to provide home care. If your state allows the gradual deterioration of initial treatment at home if you pay for home care for only one hour a day in a week has seven days to satisfying your elimination period. Since 90 days is about 13 weeks, you may pay only 13 hours of treatment (less than $ 300 in total) to satisfy your waiting period of 90 days.

So it is not as bad as you might think.

I strongly recommend you keep the plan from John Hancock. And I have no interest in John Hancock.

Best wishes.

Of course you can, but means.